What Does TRIPS Stand For?
TRIPS stands for Trade Related Aspects Of Intellectual Property Rights
TRIPS, or Trade Related Aspects of Intellectual Property Rights, is an international legal agreement administered by the World Trade Organization (WTO) that establishes minimum standards for the protection and enforcement of intellectual property rights (IPR) among its member countries. It aims to balance the interests of rights holders and the public by promoting innovation while ensuring access to knowledge and technology. TRIPS covers various forms of IPR, including copyrights, trademarks, patents, and industrial designs, and plays a crucial role in facilitating trade by ensuring legal protection for intellectual property across borders.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym