Read the following passage and answer the question that follows.
One way for a right holder to commercially exploit his or her intellectual property rights includes issuing a licence to someone else to use the rights. Recognizing the possibility that right holders might include anti-competitive conditions, the TRIPS Agreement says that under certain conditions, governments have the right to take action to prevent anti-competitive licensing practices. It also says governments must be prepared to consult each other on controlling anti-competitive licensing practices.
More generally, the TRIPS Agreement recognizes that right holders could use their rights to restrict competition or impede technology transfer. The Agreement gives governments the right to take action against anti-competitive practices. In certain situations, the TRIPS Agreement also waives some conditions required for the compulsory licence of a patent in cases where the government grants the compulsory licence to remedy a practice determined to be anti-competitive.
Q. As per the TRIPS Agreement, Which of the following statements can be considered incorrect?
Read the following passage and answer the question that follows.
One way for a right holder to commercially exploit his or her intellectual property rights includes issuing a licence to someone else to use the rights. Recognizing the possibility that right holders might include anti-competitive conditions, the TRIPS Agreement says that under certain conditions, governments have the right to take action to prevent anti-competitive licensing practices. It also says governments must be prepared to consult each other on controlling anti-competitive licensing practices.
More generally, the TRIPS Agreement recognizes that right holders could use their rights to restrict competition or impede technology transfer. The Agreement gives governments the right to take action against anti-competitive practices. In certain situations, the TRIPS Agreement also waives some conditions required for the compulsory licence of a patent in cases where the government grants the compulsory licence to remedy a practice determined to be anti-competitive.
Q. As per the TRIPS Agreement, Which of the following statements can be considered incorrect?
The correct option is D
Neither 1 nor 2
The first statement is a correct statement because TRIPS does not prevent anyone from issuing the licences. However, it allows the government to take action against anti-competitive practices. The second statement is an inference that can be derived from the statement, “The Agreement gives governments the right to take action against anti-competitive practices”.
Neither 1 nor 2
The first statement is a correct statement because TRIPS does not prevent anyone from issuing the licences. However, it allows the government to take action against anti-competitive practices. The second statement is an inference that can be derived from the statement, “The Agreement gives governments the right to take action against anti-competitive practices”.
