Loosly defined Intellectual property is a “product of the mind” It is similar to the property consisting of movable of immovable things like a house or a car wherein the proprietor or owner may use his property as he wisher and nobody else can lawfully use his property without his permission. The Convention establishing the World Intellectual property Organisation in 1967, one of the specialized agencies of the United Nations System, provided that “intellectual property shall include rights relating to: