Individual creativity has led to some of the greatest inventions in this world. These inventions have progressed the civilizations and led to technological development. Overall, it has improved the standard of living for mankind. However, these creations or intellectual capitals are often marred by copyright violations or other forms of violations that discredit the creator or the inventor directly. It is important to protect the rights of inventors or creators and preserve the exclusivity of the products that have been created. This can be done through Intellectual Property Management. This paper discusses the framework of Intellectual property management with a brief background on it. To develop a better understanding of the subject, this paper discusses the evolution of intellectual property rights and its brief history right from the ancient periods.  Different kinds of intellectual properties are discussed in detail in this study, along with different methodologies that are followed for intellectual property management. Overall, this paper provides a comprehensive view on different aspects of intellectual property management, and the framework that is used to achieve this.

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Keywords: Intellectual Property, Patent, Novelty, Copyright, Usefulness.