🔺 Our colleague Konstantin Voropaev has just published a new article “Ethical Dimensions of Patents: The Impact of the WIPO Treaty on Genetic Resources” at IPWatchdog, Inc*.
The WIPO Treaty on Intellectual Property, Genetic Resources, and Associated Traditional Knowledge, was approved on May 24, 2024, and addresses the ethical use of genetic resources and traditional knowledge in patent applications.
Key points about the Treaty include:
1️⃣ The WIPO Treaty aims to enhance the ethical framework of patents related to genetic resources and traditional knowledge, emphasizing transparency and fairness.
2️⃣ The treaty focuses on respecting and protecting the rights of indigenous communities, ensuring they receive fair compensation for their contributions.
3️⃣ Patent applications must disclose the origin of genetic resources and traditional knowledge, promoting transparency.
4️⃣ The treaty addresses biopiracy by ensuring that the use of genetic resources and traditional knowledge is properly credited and compensated.
5️⃣ Effective implementation faces challenges such as verifying the origin of resources and obtaining informed consent from diverse communities.
———
*IPWatchdog is an intellectual property publication, focusing on patents, innovation policy, trade secrets, copyrights and trademarks.
Licensed Private Investigator in Mexico | Certified CAMS, CFCS, ASIS | Specializing in Financial Crimes, Fraud, Corporate and Public Security
3moImportant insight into the shifting dynamics of cartel activity. The CJNG’s rise in fentanyl production shows how quickly things can change. How do you see this impacting regional security?