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This lecture covers various aspects of intellectual property, including patents, trademarks, and copyrights. It explores the importance of intellectual property in stimulating innovation and protecting creations of the mind. The lecture also delves into the legal framework surrounding intellectual property rights, such as the Paris Convention and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). Additionally, it discusses the criteria for patentability, the role of international treaties in intellectual property protection, and the implications of breaching patent rights. The lecture concludes with an overview of the enforcement mechanisms and legal consequences associated with patent infringement.