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  • Ignoring our traditional knowledge, can we prove costly in the area of biological patenting? Justify.

Ignoring our traditional knowledge, can we prove costly in the area of biological patenting? Justify.

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Traditional knowledge accumulates over thousands of generations. It carries the knowledge of cost-effective ways to tackle many problems related to human life. A patent is granted to a new product or service, which is based on an entirely novel or new concept. Once an organization or an individual obtains a patent for a particular product or service, it gets the sole right to reap commercial benefits from that product or service.

In most of the cases, the patent holder tends to overexploit the market during the patent period. If we used traditional knowledge instead, it would help us in saving a lot of money. This shows that ignoring our traditional knowledge can prove costly in the area of biological patenting.

Posted by

Gurleen Kaur

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