world_organizations medium True/False

WIPO's Global IP Service portfolio includes the PCT for patents, Madrid System for trademarks, Hague System for designs, and Lisbon System for geographical indications, providing cost-effective, streamlined pathways for international IP protection.

  1. True
  2. False

Answer: True

These systems reduce the complexity and cost of seeking protection in multiple countries. By centralizing application procedures, they enable innovators and creators to focus resources on commercialization and enforcement, fostering global innovation and cultural exchange through predictable IP rights.

Topic World Intellectual Property Organization
Exam Relevance UPSC, Banking, SSC
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