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Consider the following statements regarding the Treaty on Intellectual Property, Genetic Resources, and Associated Traditional Knowledge
The treaty requires that the country of origin of genetic resources must be disclosed in any patent application claiming an invention based on these resources.
This is the first treaty under the World Intellectual Property Organization (WIPO) to include provisions specifically for Indigenous Peoples and Local Communities.
The treaty ensures that non-disclosure of traditional knowledge sources in a patent application is grounds for revocation.
How many of the above given statements is/are correct?
Only One
Only Two
All Three
None
The Treaty on Intellectual Property, Genetic Resources, and Associated Traditional Knowledge was adopted at the WIPO Diplomatic Conference in Geneva, between May 13 and May 24, 2024.
This treaty represents the 27th under WIPO and the first in the last decade, highlighting its historical significance.
Statement 1 is correct: The treaty mandates that applicants disclose the country of origin or source of genetic resources in patent applications.
Statement 2 is correct: This is the first WIPO treaty that includes specific provisions for Indigenous Peoples and Local Communities.
Statement 3 is incorrect: Non-disclosure of traditional knowledge sources in a patent application is still not grounds for revocation.
Hence option 2nd is correct.
By: Shubham Tiwari ProfileResourcesReport error
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