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In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a ‘Trade Mark’ and a Geographical Indication is/are

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a ‘Trade Mark’ and a Geographical Indication is/are:
1. A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right.
2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.
3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only.
Which of the statements given above is/are correct ?

(a)

1 only

(b)

1 and 2 only

(c)

2 and 3 only

(d)

1,2 and 3

Answer:

(b)

Core Books/NCERT

Explanation

The correct answer is option 2, which states that the differences between a `Trade Mark` and a Geographical Indication are: 1. A Trade Mark is an individual or a company`s right whereas a Geographical Indication is a community`s right and 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.