Budapest Treaty On The International Recognition Of The Deposit Of Microorganisms For The Purposes Of Patent Procedure

Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure in Global Commerce Policy

In this regard, budapest treaty on the international recognition of the deposit of microorganisms for the purposes of patent procedure is: concluded on 28 April 1977. The entries on trade policy are here. It aims to simplify patenting procedures for applicants whose invention involves a microorganism or the use of a microorganism not available to the public. The entries on trade policy are here. In a growing number of countries, patent procedure not only requires the filing of a written description of the invention, but also a deposit, with a specialized institution, of a sample of the microorganism. This is complex and costly when it has to be repeated in several countries. Parties to this treaty agree that one deposit with any international depository authority is sufficient, regardless of the location of the authority. See also intellectual property.[1]

Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedurein the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

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Notes and References

1. Dictionary of Trade Policy, “Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure” entry (OAS)

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