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The world is now running behind latest technologies & advanced features to live a sophisticated life. The primary aim of a technology is to save time, effort and give what the customer want in a preferred format. This vision, intelligence and hard work of one's intelligence or team work is manifested as the technology. To encourage and protect the technology & the creator(s), the Intellectual property law emerged. The importance of Intellectual Property law was realized by many countries only in 20th century after this the world is moving towards Knowledge economy. Many International treaties were signed between developed and developing countries to enhance this law and protect the rights. Property law gives right to an individual / organization to possess their movable or immovable assets he has earned. This Property law can be seen and is a material right.