Biopiracy and IPR: Post Effects of Convention on Biological Diversity (CBD)

Abstract

To encourage innovation and safeguard the rights of creators and innovators, intellectual property rights, or IPRs, are crucial. IPRs have particular difficulties, however, because of biological concerns including biodiversity preservation, the preservation of traditional knowledge, and biopiracy. With particular relevance to India, this study explores the biological concerns surrounding intellectual property rights. The paper addresses the biological concerns related to IPRs and gives a general review of them, including their kinds and significance. The problems in identifying conventional knowledge and the possibility of biopiracy are two of the concerns presented by biological issues that are examined in this study. The research also looks at India's legislative and policy frameworks pertaining to IPRs and biological problems. In its conclusion, the research emphasizes the need of a thorough legal and legislative framework that strikes a balance between the rights of creators and innovators, the preservation of traditional knowledge, and biodiversity conservation. Policymakers, academics, and stakeholders interested in encouraging innovation while guaranteeing the preservation of traditional knowledge and biodiversity conservation will find great value in the research results of this study.