Role of Wto in Protecting Ipr - 3290 Words

A Paper on Role of World Trade Organization in Protecting Intellectual Property Rights Authors 1. Satyendra Narayan Singh Assistant Professor GNIT, Greater Noida. Mob. 9654151872 2. Alok Mohan Assistant Professor, RBMI, Greater Noida. Mob. 9717047774 Abstract Now a days protection of Intellectual Property Rights has become a very essential aspect for every country because so many Intellectual Properties are of national interest. Copyright, patents, trademarks, designs and even natural resources contains national importance. TRIPS enforces a powerful mechanism for protection of Intellectual Property Rights. This paper seeks to provide an introduction to the role played by WTO†¦show more content†¦Different Types of Intellectual Property Rights Patents are legal titles granting the owner the exclusive right to make commercial use of an invention. To qualify for patent protection, inventions must be new, non-obvious, and commercially applicable. The term of protection is usually limited to 20 years, after which the invention moves into public domain. The patent system is one of the oldest and most traditional forms of IPRs protection. Almost all manufacturing industries make use of the patent system to protect inventions from being copied by competing firms. Since the early 1980s, patents have also been granted for agricultural biotechnology products and processes and for certain aspects of computer software. As an adjunct to the patent system, some countries have introduced utility models (or petty patents). The novelty criteria for utility models are less stringent and are typically granted for small, incremental innovations. Their term of protection is far shorter than for â€Å"regular† invention patents (typically four to seven years). Similarly, industrial designs protect the ornamental features of consumer goods such as shoes or cars. To be eligible for protection, designs must be original or new. They are generally conferred for a period of five to fifteen years. Trademarks are words, signs, or symbols that identify a certain product or company. They seek to offer consumers the assurance of purchasing what they intend toShow MoreRelatedPharmaceutical Companies, Intellectual Property935 Words   |  4 Pagesdistribution and still be making some revenue. 2. What are the principal arguments of pharmaceutical companies that oppose making exceptions to IPR laws for developing countries? What are the arguments by NGOs and others for relaxing IPR laws? -Some of the arguments are that the pharmaceutical companies that oppose making exceptions to IPR laws for developing countries is that if other countries were producing generic brands they would no longer be able to compete and make large profitsRead MoreEssay On Gene Diversity1015 Words   |  5 Pagesbenefit sharing (ABS). 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