Intellectual Property Laws and Practices are crucial to safeguard business rights against infringements and competitors in this changing paradigm of the global business environment. It is therefore very important that educational institutions and bodies focus more to regulate Research and Development and duly align that with IP profile to ensure safety and that the amount and resources spent on it are well managed and justified. To achieve this, the educational institutes shall produce an IP trained team of R & D Professionals, Technocrats, and Scientists.