Common Contracts
1 similar Trips Agreement contracts
Trips agreement pdfTrips Agreement • September 7th, 2022
The Agreement on Trade-Related Aspects of Intellectual Property Rights (or TRIPS Agreement) set the standards for intellectual property protection in the world today. It came into force on 1 January 1995 and is binding on all members of the World Trade Organization (WTO). TRIPS: a one-size-fits-all approach The TRIPS Agreement sets minimum standards in the international rules governing intellectual property, including patents on medicines. Countries that are members of the WTO (today, more than 150 countries) agree to certain general common rules in the way they enact and implement their intellectual property laws. These standards include, amongst others, that patents be given for a minimum of 20 years; that patents may be given both for products and processes; and that pharmaceutical test data be protected against ‘unfair commercial use’. But the question of what deserves to be patented is left for countries to determine. The Agreement only says that patents should be granted for new,
