Intellectual Property : Balancing Incentives with Competitive Access 5

  title={Intellectual Property : Balancing Incentives with Competitive Access 5},
    One of the most fundamental changes in global commercial policy set out by the Uruguay Round of trade negotiations was the commitment by all World Trade Organization (WTO) Members to adhere to the requirements of the Agreement on Trade-Related Intellectual Property Rights (TRIPS). TRIPS defines minimum standards of protection for intellectual property rights (IPRs) and their enforcement. IPRs seek to balance the incentives necessary to encourage future innovations (such as the ability to recoup… CONTINUE READING


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