How does the present IP system strike a balance between the rights of an inventor and the rights of other individuals and the Society in general?.

The present IP (Intellectual Property) system aims to strike a balance between the rights of an inventor and the rights of other individuals and the society in general by providing a legal framework that enables inventors to protect their creations while ensuring that they do not infringe upon the rights of others.

Intellectual property refers to the intangible creations of the mind, such as inventions, literary and artistic works, designs, symbols, and names used in commerce. The IP system includes laws, policies, and regulations that govern the creation, protection, and use of intellectual property.

The IP system provides inventors with the right to exclude others from making, using, selling, or importing their creations for a certain period. This exclusive _______ __________ _________ ________ ______ ____ ____ _________ ___ _________ __________ _____.
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