Understanding the World Intellectual Property Organization [WIPO]: Its Purpose and Impact

Definition & Meaning

The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations focused on promoting the protection of intellectual property (IP) globally. Established in 1967, WIPO's mission is to foster cooperation among member states and collaborate with other international organizations to create a balanced and accessible IP system. This system aims to reward creativity, stimulate innovation, and support economic development while also protecting the public interest.

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Real-world examples

Here are a couple of examples of abatement:

One example of WIPO's work is the administration of the PCT, which allows inventors to file a single international patent application that can be recognized in multiple countries. This simplifies the process for inventors seeking protection for their inventions worldwide.

(Hypothetical example) A small business owner wants to register a trademark in several countries. They can use WIPO's Madrid System to file one application that covers multiple jurisdictions, saving time and resources.

Comparison with related terms

Term Definition Key Differences
World Intellectual Property Organization (WIPO) An international organization that promotes IP protection. Focuses on global cooperation and IP policy development.
World Trade Organization (WTO) An international body that regulates trade between nations. Primarily concerned with trade rules, not specifically IP.

What to do if this term applies to you

If you are looking to protect your intellectual property internationally, consider using WIPO's services for registration and protection. You can also explore US Legal Forms for templates that can assist you in filing applications or understanding IP laws. If your situation is complex, seeking professional legal assistance may be beneficial.

Quick facts

  • Established: 1967
  • Members: 184 countries
  • Headquarters: Geneva, Switzerland
  • Budget: Primarily funded through service fees (90%)

Key takeaways

Frequently asked questions

The main purpose of WIPO is to promote the protection of intellectual property worldwide through international cooperation.