Intellectual property management encompasses creation, protection and exploitation of Intellectual Property Rights. Patents play a critical role in research and development of intensive industries. Patent rights are known to provide significant benefits as they can be sold or licensed and form foundation for making, using and selling industry leading products, processes and services. In order to obtain valid patent rights, however, basic knowledge of certain critical issues is considered essential among stakeholders. This book deals with management and protection of intellectual property in present scenario. Book is focused on the scope of patents and related rights and gives reasons why patents and related rights need to be protected. This book would be useful for researchers, industrialists, knowledge economists, lawyers and wide range of communities interested in the Intellectual Property Rights.