Legal Aspect Of Business

Legal Aspect Of Business & Taxation Assignment on WIPO

( WORLD

INTELLECTUAL PROPERTY ORGANIZATION)

Submitted by: Mohit Thadani 83 Swaroop Walvekar 115

The World Intellectual Property Organization is one of the 15 specialized agencies of the United Nations (UN). WIPO was created in 1967 "to encourage creative activity, to promote the protection of intellectual property throughout the world".

WIPO currently has 191 member states, administers 26 international treaties and is headquartered in Geneva , Switzerland.The current Director-General of WIPO is Francis Gurry, who took office on 1 October 2008. 188 of the UN member states as well as the Cook Islands , Holy See and Niue are members of WIPO. Non-members are the states of Federated States of Micronesia, Nauru, Palau, Solomon Islands and South Sudan. Palestine has permanent observer status.

HISTORY : WIPO was formally created by the Conventions Establishing the World Trade Property Organization, which entered into force on 26 April 1970. Under

Article 3 of this Convention, WIPO seeks to "promote the protection of intellectual property throughout the world". WIPO became a specialized agency of the UN in 1974. The Agreement between the United Nations and the World Intellectual Property Organization notes in Article 1 that WIPO is responsible for promoting creative intellectual activity and for facilitating the transfer of technology related to industrial property to the developing countries in order to accelerate economic, social and cultural development, subject to the competence and responsibilities of the United Nations and its organs, particularly the United Nations Conference on Trade and Development, the United Nations Development Programme and the United Nations Industrial Development Organization, as well as of the United Nations Educational, Scientific and Cultural Organization and of other agencies within the United Nations system. IP Services :

WIPO provide IP services that encourage individuals and businesses to innovate and create. PATENTS The International Patent System TRADEMARKS The International Trademark System INDUSTRIAL DESIGNS The International Design System APPELLATIONS OF ORIGIN The International System of Appellations of Origin DISPUTE RESOLUTION Arbitration and Mediation Center DOMAIN NAMES Arbitration and Mediation Center

PCT – The International Patent System The Patent Cooperation Treaty (PCT) assists applicants in seeking patent protection internationally for their inventions, helps patent Offices with their patent granting decisions, and facilitates public access to a wealth of technical information relating to those inventions. By filing one international patent application under the PCT, applicants can simultaneously seek protection for an invention in a very large number of countries.

Madrid – The International Trademark System The Madrid System is a convenient and costeffective solution for registering and managing trademarks worldwide. File a single application and pay one set of fees to apply for protection in up to 120 countries. Modify, renew or expand your global trademark portfolio through one centralized system.

Hague – The International Design System The Hague System for the International Registration of Industrial Designs provides a practical business solution for registering up to 100 designs in 70 contracting parties through filing one single international application.

Lisbon – The International System of Appellations of Origin The Lisbon System for the International Registration of Appellations of Origin offers a means of obtaining protection for an appellation of origin in the 29 contracting parties to the Lisbon Agreement through a single registration and one set of fees.

Alternative Dispute Resolution

The WIPO Arbitration and Mediation Center is a neutral, international and non-profit dispute resolution provider that offers time- and costefficient alternative dispute resolution (ADR) options. WIPO mediation, arbitration, expedited arbitration, and expert determination enable private parties to efficiently settle their domestic or cross-border IP and technology disputes out of court. The WIPO Center is also the global leader in the provision of domain name dispute resolution services under the WIPO-designed UDRP.

Domain Name Dispute Resolution The WIPO Arbitration and Mediation Center provides time- and cost-efficient mechanisms to resolve internet domain name disputes, without the need for court litigation. This service includes the WIPOinitiated Uniform Domain Name Dispute Resolution Policy (UDRP), under which the WIPO Center has processed over 42,000 cases.

WIPO Policy: WIPO provides a global policy forum, where governments, intergovernmental organizations, industry groups and civil society come together to address evolving intellectual property (IP) issues. Our member states and observers meet regularly in the various WIPO Committees and decision-making bodies. Their challenge is to negotiate the changes and new rules needed to ensure that the international IP system keeps pace with the changing world, and continues to serve its fundamental purpose of encouraging innovation and creativity.

Assemblies of the Member States of WIPO: FiftyEighth Series of Meetings: September 24 to October 2, 2018 The Fifty-Eighth Series of Meetings of the Assemblies of the Member States of WIPO took place at the WIPO headquarter in Geneva, Switzerland.

Development Agenda for WIPO The WIPO Development Agenda ensures that development considerations form an integral part of WIPO's work. The effective implementation of the Development Agenda, including the mainstreaming of its recommendations into our substantive programs, is a key priority.

WIPO Organizational Structure

WIPO's organizational structure is based on seven Sectors, each headed by a Deputy Director General (DDG) or Assistant Director General (ADG), under the overall leadership of the Director General. Each Sector comprises several units, usually called Divisions or Departments, led by Directors. These are responsible for delivering the programs and activities approved by member states in the Program & Budget.

DIRECTOR GENERAL OF WIPO Francis Gurry has led WIPO as Director General since October 1, 2008. He was reappointed in May 2014 for a second six-year term, which runs through September 2020.

Under his leadership, WIPO is addressing major challenges. These include managing the stress on the international patent and copyright systems produced by rapid technological change, by globalization and increased demand; reducing the knowledge gap between developed and developing countries; and ensuring that the intellectual property (IP) system serves its fundamental purpose of encouraging creativity and innovation in all countries. To equip WIPO to meet these evolving challenges, Francis Gurry has led a comprehensive program of organizational change, realigning WIPO’s programs, resources and structures with re-defined strategic goals.