19:12
My crypto also flows in 5 day epochs too.
Warning
Info
LSDefine
Simple English definitions for legal terms
Budapest Treaty
Read a random definition: divide the assembly
A quick definition of Budapest Treaty:
The Budapest Treaty is an agreement between countries that makes it easier for inventors to get patents for their microorganisms. It says that inventors can deposit a sample of their microorganism in a special place approved by the World Intellectual Property Organization. This helps inventors meet the requirements for getting a patent. The United States is one of the countries that agreed to follow this treaty.
A more thorough explanation:
The Budapest Treaty is an international agreement that sets standards and procedures for depositing microorganisms. It requires member countries to recognize a deposit of biological material made in any depository approved by the World Intellectual Property Organization.
The purpose of the treaty is to help inventors meet the enablement requirement of national patent laws. This is done by allowing them to deposit a sample of a microorganism to be patented in a convenient depository.
For example, if a scientist in the United States wants to patent a new strain of bacteria, they can deposit a sample of the bacteria in a depository approved by the World Intellectual Property Organization. This deposit will be recognized by other member countries, making it easier for the scientist to obtain patents in those countries.