MARK 493 Lecture Notes - Lecture 9: Trips Agreement, World Intellectual Property Organization, Paris Convention For The Protection Of Industrial Property
4 Apr 2018
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Document Summary
Intellectual property property created by human intellect or creativity that has a commercial application. Intangible subject matter: ideas, imagery, relationships. )ntellectual property rights are based on the owner"s legal right to exclude others from using their subject matter. The rights can usually be transferred or assigned, and use of the rights can be commercialized. The agreement on trade-related aspects of intellectual property rights (trips. Agreement) sets out the minimum standards for intellectual property regulation. Controversially, trips-compliant laws ensure that intellectual property legislation in developing countries is the same or similar to those in north america and europe. The basic principles of the trips agreement includes a commitment to national treatment and most-favored-nation treatment. Trips agreement is administered by the wto and is binding on all member nations. Trips also sets: a standard of protection, methods of enforcement, settlement of disputes.
