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Right to develop vs. intellectual rights.
By admin | August 11, 2008
If the Substantive Patent Law Treaty (SPLT) is passed who stands to benefit more. With uniform global patent laws protecting intellectual property the large corporations and developed countries would have their ideas protected. The developing countries would lose their present rights to develop patent laws that allows them to adjust their patent laws to meet their national development goals. In other words, if a developing county decides that their development interests can best be met by not paying royalties on intellectual property they have the right to do so. This has saved them millions of dollars each year that can be reinvested in their countries rather than go to large foreign business interests.
Topics: Reference |