The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations (UN) dedicated to promoting intellectual property (IP) protection globally. Established in 1967, WIPO provides a framework for international cooperation in patents, trademarks, copyrights, industrial designs, and other forms of IP.
Key Functions of WIPO:
- Administering Global IP Systems: WIPO manages international treaties such as the Patent Cooperation Treaty (PCT) for patent applications, the Madrid System for trademarks, and the Hague System for industrial designs.
- Policy Development: It supports governments in formulating and harmonizing IP laws and regulations.
- Capacity Building: WIPO offers training, research, and technical assistance to countries and businesses.
- IP Dispute Resolution: The WIPO Arbitration and Mediation Center provides alternative dispute resolution for domain names and IP conflicts.
- Innovation and Economic Growth: It fosters innovation by supporting entrepreneurs, creators, and businesses in leveraging IP for economic and technological advancement.
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WIPO plays a crucial role in strengthening IP systems worldwide, ensuring a balanced approach that benefits inventors, businesses, and society.