IP Registration is not mandatory in major countries of the world. But its mandatory for the businesses who give value and importance to their efforts to bring the IP into existence. WIPO exerts that the importance of intellectual property lies in its ability to foster an environment in which creativity and innovation can flourish. By protecting the rights of creators and innovators, the IP system encourages the development of new ideas and technologies, which can drive economic growth and improve our quality of life. Hence, in this changed and changing times every active mind tries to bring a new IP in every single second.