There are several types of IPRs recognized currently: Patents Plant Variety Protection Trademarks Geographical Indication Copyrights Designs Trade Secrets Semiconductor IC Act A single product may be protected by several IPRs and thus, a basic knowledge of all the key IPRs is essential. For e.g.  a simple product such as an eye-drop may incorporate a number of IPRs for example, design, copyright, trademark, patent etc.