Intellectual Property Trade Laws Student Instru

Intellectual Property Trade LawsStudent NameCourseDateInstructorIntellectual property is creations of the mind such as artistic works, inventions, designs, names, and symbols used in commerce. Over time, people have adapted many legal instruments to assist in protecting Intellectual Property (IP). These IP protection tools differ but have a common goal of balancing the creator’s interest and the needs of the consumer. The different IPRs instruments include patents, trademarks, copyright, and protection of trade secrets. Tring to find the stated balance led to the TRIPS agreement, which is an international legal agreement that binds all nations of Word Trade Organization. The agreement was important as it sets minimum standards of protection for all forms of intellectual property. The TRIPS agreement establishes basic measures that ensure title holders have legal remedies to defend their rights. The essay analyzes patents and how their use in public health prevents violation of U.S intellectual property trade laws. Public Health and PatentsThe goal of the patent system is to simultaneously promote innovation and ensure the society enjoys the fruits of the innovation (Drexl, Grosse-Ruse, &Naddle-Phix, 2014). Patents protect proposed ideas for a