Business Law the Paris Convention Is One

Business Law

The Paris convention is one of the Intellectual Property Treaties administered by World International Property Organization (WIPO). It was first signed in Paris in 1883 by 11 countries to provide international harmonizing and streamlining of intellectual property laws. It has been revised many times and its current language includes patents, trademarks and industrial designs. Major fundamental principles of the treaty include (World International Property Organization, 2013);

Anti-discrimination policy: each member country is obliged to give other member country nationals, the same protection and advantages it gives to its nationals.

Framework of priority: an invention can be protected from the same point, in time in various countries. The patent applicants are granted the date of their first filling; as the active application date for the patent applications in all member countries, for up to 12 months after filling the original application.

Berne Convention; it is also referred to as Berne Convention for the Protection of Literary and Artistic Works. The treaty was incepted in1886 with the sole aim of protecting the rights of all authors and artists as long as they are from member countries.

The treaty allows any author from the member country, to be awarded same rights within any other member countries. The Convention also determined the base number of years that copyright was to be effective in various types of work, and in this period, some exclusive rights are to be given to the owner of the copyright. Among the outstanding rights were the right to authorize translation, the right to authorize public performances or broadcast and the communication of the material, adaptation and alteration of the work, the moral right to claim ownership of the work, the right to reproduce the work for private and educational use without infringement (Cornel University Law School, 2013).

The Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) is considered an international agreement entrusted with the setting of rules for various types of intellectual property (IP) regulations. TRIPS was established at the winding of the General Agreement on Tariffs and Trade (GATT) in 1994. TRIPS has three basic tenets that it perpetrates; it determines the minimum standards of protection to be provided by each Member, charts out the domestic remedies as well as procedures for the enforcement of intellectual property rights, and specifies dispute resolution process among WTO Members.