Trade Related Aspects of Intellectual Property Rights(TRIPS) and its Relation to E-Commerce

The concept of Intellectual Property Rights (IPR) is closely related to Commercial transactions, whether traditional transactions or e-commerce transactions. The Word Trade Organization (WTO) and each country’s legislative body have issued rules regarding control of Intellectual Property rights in electronic transactions. E-businesses should be aware of the international law, WTO principles, and domestic intellectual property laws of those jurisdictions they are dealing with to avoid liability and/or protect their IPR. The topic of the week will address the WTO principles on Intellectual property, emanated from the WTO agreement called “Trade-Related Aspects of Intellectual Property Rights (TRIPS).

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