The importance of Intellectual Property took a new direction subsequent to the establishment of World Trade Organisation, styled WTO. The TRIPS Agreement (Trade Related Intellectual Property Services) is the foundation of the modern IPR Rights, protected by International Community. WTO created a mutually binding agreement by which TRIPS Agreement, are given a proper place in the International Scenario. The focus of the study is to make a comprehensive analysis of the Intellectual Property Rights, in India with a new generation international angle. A patent is the grant of monopoly on an invention that fulfils features such as novelty, non-obviousness, utility or industrial application. It is a right secured through law. As intellectual property rights are territorial in nature, the right granted by the national laws is limited to its border. The inventor will have to comply with several legal provisions for securing his monopoly in other jurisdictions. This book will immensely helpful to the policy makers, researchers ,lawyers, practitioners , and general readers for policy implications.