2.1 IPR holder:

IP reflects the idea that the subject matter is product of the mind or the intellect of a person. Once this fact is recognized by the law, the law protects the right to use and such person becomes the IPR holder and entitled to exclusive rights to use the idea. Generally, the inventor of the idea is the IPR holder. However, as IPRs are transferable, a person who acquires such rights legally may also be an IPR holder, even though he may not be the inventor of such idea. If a person renders intellectual property service for an IPR, to which he is not legal holder, then such service can not be taxed.