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Under TRIPS Agreement patent is granted subject to which of the...

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Business Environment and International Business
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Under TRIPS Agreement, patent is granted subject to which of the following?
(1) The product or the process is new one.
(2) It contains an inventive step.
(3) It is capable of industrial application for 15 years from the grant of the patent.
(4) It is capable of industrial application for 20 years from the grant of the patent.

Answer & Solution
Correct Answer: Option C
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