📜Business Implications of WIPO Treaty on Genetic Resources and IP
Tribal Consultation on the WIPO Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge
Summary
The United States Patent and Trademark Office (USPTO), Department of Commerce, announces a Tribal Consultation, and requests written comments, regarding the World Intellectual Property Organization (WIPO) Treaty on Intellectual Property, Genetic Resources (GRs) and Associated Traditional Knowledge (ATK) (hereinafter, the "Treaty") adopted by WIPO Member States in Geneva, Switzerland on May 24, 2024. The Tribal Consultation will consist of virtual webinars and a request for written comments on whether the United States should sign and implement the Treaty and any impacts of taking those actions. For purposes of this Notice, the words "Tribe" or "Tribes" are intended to refer to Tribal Nations, State recognized Tribes, other Tribes, and Native Hawaiians and other Pacific Islanders.
Agencies
- Commerce Department
- Patent and Trademark Office
Business Impact
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The notice outlines potential compliance requirements for businesses regarding the disclosure of genetic resources and associated traditional knowledge in patent applications, driven by the newly adopted WIPO Treaty. Businesses must consider how this could affect their intellectual property strategies and legal obligations.