Systematic Property in India

The importance of intellectual property in India is well established at all levels- statutory, administrative and judicial. Indian ratified the agreement establishing the world Trade Organisation (WTO). This Agreement inter-alia, contains an agreement on Trade Related Aspects of Intellectual property Rights (TRIPS) in India which came into force from 1st January 1995. It lays down minimum standards for protection and enforcement of intellectual property right in member countries which are required to promote effective and adequate protection rights in member countries which are required to promote effective and adequate protection of intellectual property in India right with a view to reducing distortions and impediments to international trade. The obligation under the TRIPS Agreement relate to provision of minimum standard of protection with in the member countries legal systems and practices.