The book discusses the relevance of IPR in the modern world and its usefulness to various stakeholders including, researchers, investors, consumers, and society as a whole. It explores various topics pertaining to the ethical as well as social implications of IPR and the impact it has created in diversified fields ranging from pharmaceuticals to information technology. Finally, the book highlights the role of IPR in promoting innovation, digitalization, and entrepreneurship in the present era of metaverse and blockchain and provides examples of how IPR has fostered the growth of different industries. The book would be a useful resource to students and academicians alike, who are to learn more about the role of IPR in modern business and the various ways it influences the ever-evolving technological advancements. It is a comprehensive and insightful guide to understanding the complexities of IPR and its relevance in a rapidly changing world.