This report provides a comprehensive overview of international intellectual property law, focusing on the European Union's role in standardizing and protecting intellectual property rights. It examines the legal concepts of the free movement of goods within the EU, emphasizing the removal of trade barriers and the harmonization of national laws. The report delves into the functions of the World Intellectual Property Organization (WIPO), including its objectives in promoting and protecting intellectual property globally, as well as its role in setting international standards and providing assistance to member states. Furthermore, it analyzes the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement, outlining its minimum standards for intellectual property protection among WTO members. The report explores how competition law regulates intellectual property rights, and concludes by highlighting the balance between owner rights and social interests in the context of intellectual property.