Traditional knowledge refers to the wisdom, innovations, and practices developed by indigenous communities over generations through close interaction with nature and their social environment. This knowledge encompasses various aspects, including agriculture, medicine, biodiversity conservation, food preparation, and craftsmanship. It forms an integral part of the cultural heritage of these communities and represents a valuable resource for scientific research, sustainable development, and technological innovation. In the context of Intellectual Property Rights (IPR) and technology commercialization, the protection of traditional knowledge has emerged as an important global issue due to its economic, cultural, and ethical implications. Protecting traditional knowledge is significant not only for preserving cultural identity but also for ensuring equitable benefit-sharing and preventing its misappropriation by commercial entities without the consent of the knowledge holders. One of the primary reasons for protecting traditional knowledge lies in preventing its exploitation through biopiracy and unauthorized commercialization. Many corporations and research institutions have used traditional knowledge to develop new products and technologies, especially in pharmaceuticals, cosmetics, and agriculture, without obtaining proper authorization or providing fair compensation to the indigenous communities. A well-known example is the case of the neem tree in India, whose antifungal properties were long known to local farmers. Western companies sought patents based on this traditional use, leading to international controversy. Similar cases involving turmeric and basmati rice have highlighted the need for legal frameworks to prevent such misappropriation. Protection through IPR ensures that communities retain control over their resources and knowledge, thus deterring unfair exploitation by external actors and promoting ethical use of cultural and biological resources. Traditional knowledge also contributes significantly to innovation and technology commercialization. Indigenous knowledge systems often offer cost-effective and environmentally sustainable solutions, which can complement modern scientific research. For instance, herbal medicines and natural remedies rooted in traditional knowledge have led to the development of many pharmaceutical products. Protecting such knowledge under IPR frameworks encourages collaboration between traditional knowledge holders and modern industries. When adequately protected, traditional knowledge can be licensed or commercialized through benefit-sharing agreements, enabling communities to participate in the global economy. This promotes inclusive innovation and supports economic development in rural and marginalized areas. Furthermore, recognition and protection of traditional knowledge help stimulate local entrepreneurship and foster respect for cultural diversity in innovation ecosystems. Cultural preservation is another crucial reason for safeguarding traditional knowledge. Indigenous knowledge embodies the identity, beliefs, and