Question

Define the term bio-patent and bio-piracy

Answer 1

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Biopiracy is the commercial exploitation or

monopolization of biological or genetic material, in the form of medicinal

plant extracts. It is usually done without compensating the indigenous people

or country from which the material or relevant knowledge is obtained.

A biopatent is a patent on an invention in

the field of biology. It gives legal permission to the patent holder to exclude

others from making, using, selling, or importing the protected invention for a

specified period of time.

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Answer 2

Explanation:

A biological patent is a patent on an invention in the field of biology that by law allows the patent holder to exclude others from making, using, selling, or importing the protected invention for a limited period of time.

the commercial exploitation or monopolization of biological or genetic material, as medicinal plant extracts, usually without compensating the indigenous peoples or countries from which the material or relevant knowledge is obtained.