Question

2 : In India IP laws are guided by
a.WTO
b.TRIPS
c.Pay Commissions
d.All the above​

Answer 1

Answer:

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Answer 2

In India Ip laws are guided by the Indian Government under the TRIPS/WTO Agreement.

• Intellectual property refers to thought innovations, including literature and art works, beautiful designs, titles and the iconic images employed in trade.
• In law, it is covered by, valuable patents, trademarks and copyrights allowing individuals to obtain identification or economic profit from the invention.
• The IP framework naturally seeks to promote an atmosphere where creativity and innovation will thrive, by finding the appropriate balance between the needs of innovators and the broader public interest.
• The legislation is poised for fundamental changes to fulfil the Indian Government's foreign obligation under the TRIPS/WTO Agreement.