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INTRODUCTION
Administered by the World Trade Organization sets down minimum standards for many forms of intellectual property Negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994. TRIPS contains requirements that nations' laws must meet for:
Copyright rights Rights of performers Producers of sound recordings and broadcasting organizations
Geographical indications Appellations of origin Industrial designs Integrated circuit layout-designs Patents Monopolies for the developers of new plant varieties Trademarks Trade dress Undisclosed or confidential information TRIPS also specifies enforcement procedures, remedies, and dispute resolution procedures
OBJECTIVES
The protection and enforcement of intellectual property rights should contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations
PRINCIPLES
Formulating or amending their laws and regulations measures - consistent with the provisions To prevent the abuse of intellectual property rights
CONTROVERSY
Since TRIPS came into force it has received a growing level of criticism from developing countries, academics, and Non-governmental organizations
Copyright and Related Rights Trademarks Geographical Indications Industrial Designs Patents Layout-Designs (Topographies) of Integrated Circuits Protection of Undisclosed Information Control of Anti-Competitive Practices in Contractual Licences