Space technology has not only contributed to the development of Space Industry, but has also lead to the advancement of many other industries which ultimately has resulted into an ever growing much better world to live in. However, at present there is no universally agreed precise legal, technical or political definition of either the boundaries separating airspace from outer space or of the term outer space itself. This book aims to underline the basic principles of Space law. The book elaborates upon the concept of liability and the process of registration followed thereunder. It comprehensively deals with the current issues concerning Space law.