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Trips

In: Business and Management

Submitted By amirlover9
Words 774
Pages 4
What is TRIPs? How does it address the business of Intellectual Property at the global arena?
TRIPS is the General Agreement on Tariff and Trade(GATT) Uruguay Round Agreement on Trade Related Intellectual Property. The WTO’s TRIPS Agreement is an attempt to narrow the gaps in the way these rights are protected around the world, and to bring them under common international rules. It deals with the protection & enforcement of Trade-Related intellectual property rights. It establishes minimum levels of protection that each government has to give to the intellectual property of fellow WTO members. TRIPS agreement was made Desiring to reduce distortions and impediments to international trade, and taking into account the need to promote effective and adequate protection of intellectual property rights, and to ensure that measures and procedures to enforce intellectual property rights do not themselves become barriers to legitimate trade.
The TRIPS agreement covers five broad issues: * basic principles of the trading system and other international intellectual property agreements should be applied, * to give adequate protection to intellectual property rights, * countries should enforce those rights adequately in their own territories, * to settle disputes on intellectual property between members of the WTO and * Special transitional arrangements during the period when the new system is being introduced.
The areas covered by the TRIPS Agreement * Copyright and related rights * Trademarks, including service marks * Geographical indications * Industrial designs * Patents * Layout-designs (topographies) of integrated circuits * Undisclosed information, including trade secrets

TRIPS under different provision addresses business of Intellectual Property in global arena in different ways:
For Patents * Patents

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