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Intellectual property and intangible asset issues are one of the main concerns of the business world, today. Intangible asset mostly originates from intelligent and research activities and is represented as Trade secrets, patents, industrial designs, copyrights, etc. Intellectual property (IP) rights mean the legal rights resulting from intellectual activity in the industrial, scientific, literary and artistic fields. It is inevitable that IP awareness and knowledge must be increased among Iranian inventors and companies. Learning about patent and patenting procedures before the national and regional IP offices are of great importance to all of the people involved in this regard. The concepts of patents, patentability and general guidelines of preparing an invention report for patenting have been reviewed in this article.