OBJECTIVE LIFE SCIENCE
BIOTECHNOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Adding human ingenuity to natural process makes it nonnatural. Therefore, for patenting biotechnological process, inventor must prove to the satisfaction of the patent officer that biotechnological process is nonnatural.
Detailed explanation-2: -Patents are also an essential tool in biotechnology because they provide exclusive rights to the inventor for a limited period. In the biotechnology industry, a patent gives the holder the right to exclude others from making, using, or selling the patented invention.
Detailed explanation-3: -What Are Biotechnology Intellectual Property Rights? Biotechnology intellectual property rights are the legal ownership of an interest in a patent, trademark or trade secret. This means that another company cannot use those assets without permission from the company established as the official owner.
Detailed explanation-4: -They also protect intellectual property. When an inventor obtains a patent, they secure the right to exclude others from using, making and selling their product or method of use for 20 years, while maintaining the right to sell the item exclusively and for a higher price.