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Chat-GPT being Generative AI, is known for its writing potential. ChatGPT's capabilities to generate text, answer questions, and engage in meaningful conversations is growing exponentially, offering immense potential for both personal and business applications. This transformation is impacting society, raising concerns in copyrights about the AI generated content. Authors and platforms should adopt practices that transparently acknowledge the contributions of both humans and AI. It will help ensure that the produced content is consistent with moral guidelines. Major risks posed by ChatGPT, their legal and ethical implications, findings, and tentative solutions are shared in this research.