Intellectual Property Rights has always been a topic of debate among nations and populations. Starting from the historical idea of IP protection and the emergence of various theories on whether non-tangible ideas fall under the umbrella of property, to the debates on how can monopoly create a positive impact on a society. While some debates still stand and each day brings a new question about the topic, no one can deny how complex and ramified IPRs have developed. The questions of modern days are no longer whether IP should be protected but rather how can they be protected with the complexity of modern day technologies and how can we utilize IPRs to solve modern problems.