StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The WTO Law: The Trade Related Aspects of Intellectual Property Rights - Essay Example

Cite this document
Summary
This paper "The WTO Law: The Trade-Related Aspects of Intellectual Property Rights" focuses on the fact that the Uruguay General Agreement on Tariffs and Trade (GATT) in 1994 decreed that Members of the WTO shall enact laws embodying the standards for the protection of intellectual property rights. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
The WTO Law: The Trade Related Aspects of Intellectual Property Rights
Read Text Preview

Extract of sample "The WTO Law: The Trade Related Aspects of Intellectual Property Rights"

Download file to see previous pages

This paper shall endeavour to reconcile the dissimilar views and make appropriate recommendations for more effective implementation by taking into consideration economic, social and legal dynamics involved. Intellectual property is referred to as an individual’s personality which is the sum product of his experiences, knowledge and intelligence. While an individual’s creation is a tangible manifestation of his talent, skills and personality formed by his hands or words attributable and unique to the individual.

The identity of an individual is defined by his experiences, knowledge and intelligence it is his personality, therefore the identity of an individual is also defined by his creation (WTO, 1995). Creations or any other tangible products which are original, unique and distinctive, either product of painstaking research, innovation or crafted by hand, are protected by governments and international entities from exploitation or misuse of others provided the creators or makers claim intellectual property rights over it (WTO, 1995).

Under the Universal Declaration of Human Rights, particularly Article 27 paragraph 2 thereof states that “everyone has the right to the protection of the moral and material interest resulting from any scientific, literary or artistic production of which he is the author” (UN, 1948). The same protection is likewise conferred under the World Trade Organization Intellectual property rights (WTO, 1995) to people over the creation of their intellect or minds. Creators are usually given exclusive right over the use of his/her creation for a certain period to enable him to exploit and use it for his personal gain.

The exclusion of others from profiting or benefitting from the use of original and distinctive creations is to allow the creator to financially enjoy the fruits of his labour that would ostensibly encourage and inspire him to create more (WTO, 1995). 

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The WTO Law: The Trade Related Aspects of Intellectual Property Rights Essay”, n.d.)
The WTO Law: The Trade Related Aspects of Intellectual Property Rights Essay. Retrieved from https://studentshare.org/macro-microeconomics/1746397-the-wto-law-the-trade-related-aspects-of-intellectual-property-rights
(The WTO Law: The Trade Related Aspects of Intellectual Property Rights Essay)
The WTO Law: The Trade Related Aspects of Intellectual Property Rights Essay. https://studentshare.org/macro-microeconomics/1746397-the-wto-law-the-trade-related-aspects-of-intellectual-property-rights.
“The WTO Law: The Trade Related Aspects of Intellectual Property Rights Essay”, n.d. https://studentshare.org/macro-microeconomics/1746397-the-wto-law-the-trade-related-aspects-of-intellectual-property-rights.
  • Cited: 0 times

CHECK THESE SAMPLES OF The WTO Law: The Trade Related Aspects of Intellectual Property Rights

XYZ (Pvt) Ltd Case Study

A performer with a commercial intent, an artist with a monitory objective, or an organizer or producer of such events all come under the stakeholders of this wide web of intellectual property rights.... Taking into account all the possible features and benefits of getting the brand name and the patent registered, there needs a detailed study in this regard while it is strongly recommended that the company go with legal validation of their legally entitled right over this particular piece of intellectual property of Mr....
5 Pages (1250 words) Essay

Intellectual Property Rights and the Rights of the Poor

The author of the paper focuses on the issue of intellectual property (IP) and its associated regulations and laws which have become a contentious issue in the academic world, particularly as it relates to research and development in developing countries.... tandeford distinguishes between physical property rights and IP regimes.... Although some believe that IP regimes drive innovation by means of protecting the rights of the innovator, others hold that the pace of science is impeded by the danger of lawsuits as a result of any new innovations....
4 Pages (1000 words) Term Paper

Intellectual Property for Entrepreneurial Business Venture

These general types of intellectual property include patents for inventions, copyright for literary and artistic works and associated products, and trademarks and names for the goodwill attaching to marketing symbols.... The rights granted in all types of intellectual property are essentially negative.... intellectual property protects applications of ideas and information that are of commercial value and are essentially creations of the mind like inventions, literary and artistic works, and symbols, names, and images used in commerce....
4 Pages (1000 words) Essay

Database protection

Works Cited“Agreement on Trade-related aspects of intellectual property rights (TRIPS Agreement) (1994).... Let it be noted that only twenty-five cases of intellectual property theft has been petitioned to the WTO (“Agreement on Trade-Related.... International and USA law creates legal options for compensation and to stop the… A database is defined as intellectual property.... International law on intellectual property is regulated by the World Trade Organization under a treaty called TRIPS (“intellectual property....
2 Pages (500 words) Essay

Why People Continue to Take Out Patents

The risks associated with patents are that they can be easily copied and infringed upon by just about anyone related with the trade, business or industry.... The patent becomes a sign of success for the person who qualifies for having his invention or discovery his exclusive property.... This exclusivity is for feigning to protect the… There is a regulation in place when it comes to patenting and as everyone knows it guarantees that the above mentioned property is safeguarded (Gibbs, 2003) Patents are necessarily applied to new and novel devices and methodologies, inventions which are unique and never thought out in the past and which could be used for beneficial purposes, both from the consumer perspective as well as industrial basis....
4 Pages (1000 words) Essay

World Trade Organization (WTO) dispute simulation - Drug Seizure = India/Brazil (Complainant)

Detentions of generic drugs made in India by EU customs authorities, in particular involving the Netherlands, and bound for countries outside of the European Union, such as Brazil and other countries in Latin America, are deemed by India and Brazil in a complaint with the WTO as… violative of EU obligations under international law, and to covenants to which the EU has committed itself and signed, to wit: the GATTs Article V, relating to goods transit freedom passing through GATT signatory countries territories, via global transit routes of the greatest nvenience and efficiency; EU commitments to the TRIPS agreement, relating to the non-creation of trade barriers, where the detentions are deemed to be such trade barriers, with the rights given to patent owners of intellectual property such as drug patents in this case, caused delays that are deemed to be non-fair, non-equitable, full of complications, and are without warrant; the TRIPS Agreement Article 31, Article 6 of which had been threshed out as to the details, relating to access to medications of countries who have no wherewithal to gain access to them internally or through other means than such trade as India offers in the generic drugs in dispute (Ministry of Commerce and Industry; Mara; Saez; New; OseiTutu; Conectas- Human Rights; The Pharmaceutical News; Freedman; Raja; Ruse-Khan; Baker)....
4 Pages (1000 words) Essay

Fair Use of Web Content

Global reciprocal and multilateral transactions on this point, particularly the arriving at of the Agreement on Trade-related aspects of intellectual property rights in the General Agreement on Tariffs and Trade (GATT), have raised overall licensed innovation assurance to another level.... “Philosophy of intellectual property”.... As with different rights, such as liberty and organization, intellectual property (IP) rights are frequently ignored or neglected basically on the grounds that they are intangible....
2 Pages (500 words) Essay

Business Law in the US

It also formulates the rules, regulations, rights and privileges governing the formation of a business and its further operation.... It also formulates the rules, regulations, rights and privileges governing the formation of a business and its further operation.... It is of essence to ensure that any business contracted is conducted professionally where both parties; the purchaser and trader get to know and understand the terms and conditions included and are well-acquainted with the rights, privileges and responsibilities awarded by the contract....
5 Pages (1250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us