Role of IPR In Bio-diversity

IPR (Intellectual Property Rights) laws encourage the commercialization of seed development, monoculture, protect the modified microorganisms and new plant varieties. To achieve this objective the Biological Diversity Act 2002 and the Indian Patent Act,2002 was brought to the light in response to compliance with the Convention on Biological Diversity and TRIPS (Trade-Related Intellectual Property ...
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Compulsory Licensing in Patent Law

Patenting of innovation gives the patentee exclusive rights to make, use and sell the patent. This right excludes others from having any ownership over the patent and makes it possible for the patentee to monetize the patent at an affordable price, he thinks fit. However, this right could be misused by the patent holders, making […]...
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