what is meant by Biopiracy and Biopatent?
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the clandestine exploitation and utilisation of bioresources from a country by several organisations and multinational companies without proper authorisation is know as bio piracy
the right to protect trade related biothechnological process created by ones own knowledge is known as bio patent
the right to protect trade related biothechnological process created by ones own knowledge is known as bio patent
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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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