Patents, Trade Marks, Copyrights, Designs are the main Intellectual Property Rights as far as Business/ Commercial interest of an individual or an organization is concerned. It’s significant to protect these Intellectual Assets to secure Legal Rights. The crucial aspect that people generally are not aware of is that filing application as soon as possible for any of the above right. Delay in filing the application to secure any of the above rights may be a wrong decision as lot of R&D and Business activities going on in the World, and the rights over the same concept/brand name may be applied by any third party.