Write a short notes on biopatent
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The emergence of modern biotechnology has brought forth many legal characterizations and treatment of trade related biotechnological processes and produces, popularly described as Intellectual Property. Intellectual Property Protection and Intellectual Property Rights are the two unique facets of any Bio-patency. Intellectual property includes patents, trade secrets, copy rights and trade marks obtained for processes and products created through one's own knowledge and research.
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Biopatent:
- Biopatent is an official document granted by the government to person/inventor/company for the biological entities and for the products obtained from them.
- Biopatents are patents on living things.
- They are the intellectual property rights.
- It protects one’s invention from the piracy.
- It allows the patent holder to exclude another person from using, importing, selling/ making of the product for a limiting period of time.
- An example for biopatent is the patent on neem tree by our country.
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