Trade-Related Aspects of Intellectual Property Rights, also known as TRIPS, was formulated by the World Trade Organization (WTO) and came into effect in 1995. Its aim is to protect intellectual property such as an article, a book, an invention, or a newly discovered drug from being commercially used by others as their own. This agreement consists of a wide range of topics-including copyright laws, trademarks, trade secrets, and patents-all designed to protect intellectual property.
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