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Agreement on Trade-Related Aspects of Intellectual Property Rights

international agreement
Also known as: TRIPS

Quick Summary

The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement negotiated as part of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT). It requires all member countries of the World Trade Organization (WTO) to provide a minimum level of protection for copyrights, patents, and trademarks. This includes granting patent protection to new inventions in all fields of technology, provided they are novel, involve an inventive step, and are capable of industrial application. Countries cannot discriminate based on the place of invention, technology field, or whether products are imported or locally produced. The agreement also mandates a minimum patent term of 20 years from the filing date and requires effective procedures for enforcing intellectual property rights.12

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