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Biodiversity is the degree of variation of life forms within a given species and ecosystems. India is rich in biological resources
and for that India has enacted the Biological Diversity Act, 2002. An Act to provide for conservation of biological diversity,
sustainable use of its components and fair and equitable sharing of the benefits arising out of the use of biological resources,
knowledge and for matters connected therewith or incidental thereto. India is a party to the United Nations Convention
on Biological Diversity signed at Rio de Janeiro on the 5th day of June, 1992; the said Convention has the main objective of
conservation of biological diversity, sustainable use of its components and fair and equitable sharing of the benefits arising out
of utilization of genetic resources. Under Section 2(b) of the Biological Diversity Act deals with biological diversity. It means the
variability among living organisms from all sources and the ecological complexes of which they are part, and includes diversity
within species or between species and of eco-systems. Intellectual Property Rights is a right of the creator etc., It gives monopoly
rights for particular period of time. In this paper an attempt has been made to bring out the importance of protection of biological
diversity under the biological diversity Act, 2002 in the context of intellectual property rights.
Biography
P.R.L.Rajavenkatesan is a Senior Research Fellow under the Intellectual Property Rights Chair (MHRD) Department of Legal Studies, University
of Madras, Chennai and published several articles in international and national Journals and presented more than 30 papers in international and
national conferences and seminars
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