Glossary Terms

04

Dec'17

Process patent

A process patent is granted for a particular manufacturing process, and not for the product itself. Any other person can …

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04

Dec'17

Product Patent

This is an exclusive right given to the original inventor of a product i.e. no other manufacturer can provide the …

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04

Dec'17

Evergreening (patent)

Evergreening is a practice adopted by drug MNCs under which they make a modified version of their currently patented invention …

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04

Dec'17

Patent

A patent is a statutory privilege granted by the Government to inventors, and to other persons deriving their rights from …

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04

Dec'17

Compulsory licensing

Compulsory licensing refers to a situation where a Government asks the patent holder to reduce the price of a drug …

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04

Dec'17

Compulsory working of the patent

Compulsory working of the patent means that the patent holder must produce domestically and hence import is prohibited.

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04

Dec'17

National treatment (WTO)

National treatment is an important provision of the WTO. It has the same status of the MFN clause. National Treatment …

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04

Dec'17

Most Favored Nation (MFN)

The Most Favored Nation treatment is the most important philosophical element of the WTO mechanism. MFN means there should not …

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04

Dec'17

Dispute Settlement Body (WTO)

The Dispute Settlement Body (DSB) deals with disputes between WTO members. Such disputes may arise with respect to any agreement …

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04

Dec'17

Ministerial Conference (WTO)

Ministerial Conference (MC) is the topmost decision-making body of the WTO and it is composed of representatives of all the …

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