At the current scene in Egypt, the intellectual property rights file is considered to be one of the more pressing subjects that is being discussed, as the file contains alot topics and agendas that could contribute greatlyin improving both the social and economic systems, and help in the formation of a highly functional work matrix. In this paper, we are trying to discuss what is meant by the term label “intellectual property” so that we may understand its economic significance and its impact on state economies, then we try to later on in the paper to discuss a draft law to establish an independent office that is only concerned with protecting intellectual property rights in Egypt, as a start to create a legal atmosphere and environment that would establish its protection and legal status and finally encourage on work to its improvement.