Biotechnology and Intellectual Property RIghts

Biotechnology is a field where wide range of advances can be seen but return on investments may be slow. Due to this reason the public research organisations and enterprises should protect their innovations with Intellectual Property Rights which will act as a basis for their return on investment by granting monopoly rights for a certain period of time. Thus all those involved in biotechnology based industries should understand the following things:

·         Different types of IP rights

·         What results can be protected

·         The IP rights at their disposal and

·         How long these rights last

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