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Innovative provisions for compliance in the recent WIPO treaty
1Graduate School of Future Strategy, Korea Advanced Institute of Science and Technology (KAIST), Daejeon, Republic of Korea.
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The World Intellectual Property Organization (WIPO) treaty on 'Intellectual Property, Genetic Resources, and Traditional Knowledge' introduces novel clauses designed to enhance compliance through an unprecedented sanction mechanism. The treaty mandates penalties for non-disclosure, including administrative sanctions and potential patent revocation in cases of fraudulent intent, thereby setting a new standard for stronger compliance frameworks.
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