Q. With reference to the Trade-Related Aspects of Intellectual Property Rights agreement(TRIPS), consider the following statements:
1.TRIPS Agreement require all member’s rules on protection of intellectual property to be identical.
2.It does not allow compulsory licensing of patents.
Which of the statements given above is/are correct?
Answer: D
Notes:
TRIPS Agreement does not require all member’s rules on protection of intellectual property to be identical, in only requires members to comply with certain minimum standards for the protection of intellectual property rights covered in it.
It allows compulsory licensing and government use of a patent without the authorization of its owner.
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