As a result of decades of negotiations, Word Intellectual Property Organization (WIPO) member states have approved a groundbreaking treaty relating to

As a result of decades of negotiations, Word Intellectual Property Organization (WIPO) member states have approved a groundbreaking treaty relating to IP, Genetic Resources and Associated Traditional Knowledge in the diplomatic conference held from 13-24 May, 2024 at Geneva. 

IP rewards and incentivizes innovation. However, at times it has come at the cost of the attempt to monopolize the traditional knowledge associated with the genetic resources created through decades of research by the local communities. Moreover, there have been instances wherein the traditional knowledge associated with a local community in a region has been abused by entities based in another jurisdiction. 

This treaty attempts to balance the rights of the local communities and the innovators by requiring mandatory disclosure in case of inventions associated with or created through genetic resources/ traditional knowledge. 

Disclosure where innovation claimed in the patent application is based upon a genetic resource:
Patent applicants would have to provide information pertaining to details of the country of origin for genetic resources (or where this is not known, the source of the genetic resource utilized).

Disclosure where innovation claimed in the patent application is based upon traditional knowledge associated with a genetic resource:
Patent applicants would have to provide information pertaining to the details of the indigenous people/ local community that provided the traditional knowledge and where the above information is not available, source of the traditional knowledge. 

No-obligation on the IP Offices as to veracity: 
The treaty does not impose an obligation on the contracting parties’ IP Offices to verify the authenticity of such disclosure. 

Guidance/support to patent applicants:
Treaty requires the IP offices of respective contracting parties to provide guidance and support to the patent applicants as regards the disclosure requirements.

Creation of Genetic Resources and Traditional Knowledge database:
The treaty suggests creation of database of such genetic resources and traditional knowledge. 

In this regard, it is noteworthy that India already maintains a traditional knowledge digital library (TKDL) bearing details as to the traditional knowledge of local communities in India in 5 international languages. 

The treaty would bring about the much-required regulations for ensuring that the patent is not granted in the event wherein there is no novelty as such and the patent application seeks to monopolize the traditional knowledge or a genetic resource of a community. India has already had a tough time in the revocation of the patent in US relating to the healing properties of turmeric – which is a renowned traditional knowledge of India. 

Of course, the process for patent grant becomes stringent with such sanctions imposed, however, IP seeks to be inclusive and also seeks to create a balance between rights of communities involved and the innovators.

Views: 174
Related Posts
Bootstrapping: A Startup’s Guide to Self-Sufficient Growth
Bootstrapping: A Startup's Guide to Self-Sufficient Growth

Bootstrapping refers to the practice of starting and growing a business without relying on external funding or investment. Instead, Bootstrapping Read more

Unlocking the Potential of ESOPs: Overview for Indian Startups
ESOPS

Understanding the Agreements for Indian Startups In the dynamic world of startups, Employee Stock Ownership Plans (ESOPs) have emerged as Read more

Innovate & Elevate: Revolutionizing Financing Through IP-Based Lending
Revolutionizing Financing Through

In the world where innovation reigns supreme, NatWest Group, the UK’s largest business and commercial bank, has embarked on a Read more

Mediation and Arbitration in Commercial Disputes
Mediation vs. Arbitration

Solving commercial disputes through traditional methods like litigation is challenging, as commercial disputes are Introduction Solving commercial disputes through traditional Read more

Bilateral Investment Treaties and ODI

BIT's bilateral investment agreements provide an economic cooperation framework and protection of investments in two countries, which have a substantial Read more

Journey to Startup Success: The Strategic Significance of Intellectual Property in Startup Evolution
Journey to Startup Success

The launch of any company can be traced back to multiple brainstorming sessions, research, time, and money from a laboratory Read more

Data Breach
Data breach

A cybersecurity incident known as a "data breach" occurs when unauthorized parties obtain sensitive, private, or otherwise protected data, such Read more

Maximize your Debtors Recovery under IBC, 2016

The Insolvency and Bankruptcy Code, 2016 (IBC) has significantly transformed the landscape of corporate debt recovery in India, providing corporates Read more

Navigating Copyright Challenges in the Age of AI-Generated Content: An Uncharted Legal Landscape

Content created by generative Artificial Intelligence (AI) programs are currently one of the most important global developments. The common question Read more

Complexities of Group Insolvency: The Videocon Saga

When a large business empire collapses, sorting out the financial mess is no easy feat, especially when it involves a Read more

Need help with legal issues?
Call Back Request