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Question
X is the official rights granted by the government to an inventor which prevent others from using the invention commercially. When X is granted for biological entities or the products derived from them, it is called Y. Which of the following options correctly identify X and Y?
X is the official rights granted by the government to an inventor which prevent others from using the invention commercially. When X is granted for biological entities or the products derived from them, it is called Y. Which of the following options correctly identify X and Y?
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Solution
The correct option is A X - Patent, Y - Biopatent
A patent is a type of intellectual property right that would provide the owner the legal right to ensure that no one else benefits from making, using, or selling the invention, for a limited period of time.
Patents which is granted for biological entities or the products derived from them is called biopatent.
Piracy is the unauthorised duplication and selling of copyrighted content. The use of biological resources by multinational companies and other organisations without the authorisation from the concerned nation and people or without providing compensatory payment to them is known as biopiracy.
A patent is a type of intellectual property right that would provide the owner the legal right to ensure that no one else benefits from making, using, or selling the invention, for a limited period of time.
Patents which is granted for biological entities or the products derived from them is called biopatent.
Piracy is the unauthorised duplication and selling of copyrighted content. The use of biological resources by multinational companies and other organisations without the authorisation from the concerned nation and people or without providing compensatory payment to them is known as biopiracy.
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