Intellectual Property Rights for Biotechnological Inventions

Abstract

This article enumerates the intellectual property rights (IPR) that govern Biotechnological inventions. The IPR should not only take into consideration the three criteria of patentability namely, novelty, inventive step and industrial applicability but also the moral and social aspects of the inventions. Apart from this the IPR should also focus on the benefits that the invention can bring to the society by making it more affordable and at the same time keeping in mind the costs incurred by the inventors. Keywords: Intellectual Property Rights, Biotechnology, inventions, TRIPS agreement, Patent