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The Path to a Greener Future: Understanding Sustainable Development

The Path to a Greener Future: Understanding Sustainable Development In an era where environmental challenges and resource depletion are becoming increasingly evident, the concept of sustainable development  has gained significant importance. Sustainable development aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. This blog post will explore the principles, goals, and strategies of sustainable development, highlighting its critical role in ensuring a balanced and healthy future for our planet. "Transforming our world: The path to sustainable development." What is Sustainable Development? Sustainable development  is a holistic approach that integrates economic growth, environmental protection, and social equity. It seeks to create a harmonious relationship between human activities and the natural world, ensuring that resources are used efficiently and responsibly.  Definition: The most widely recognized de...

Topic 8: Trade Secrets and Geographical Indications

TRADE SECRETS

A Trade secret is a formula, practice, process, design, instrument, pattern, commercial method or compilation of information not generally known by others by which a business can obtain an economic advantage over competitors or customer. In some jurisdiction, trade secret is referred to as confidential information.
The precise language by which a trade secret is defined varies by jurisdiction, as do the particular types of information that are subject to trade secret protection. Three factors are common to all such definition:

A trade secret is an information that

i) Is not generally known to the public
ii) Confers economic benefit on its holder because the information is not publicly known and
iii) Is the subject of reasonable efforts by the holder to maintain its secrecy.



GEOGRAPHICAL INDICATIONS.

Geographical indications in relation to goods help consumer to identify the place of origin of the goods and thereby the quality, reputation and other distinctive characteristics. GI may be for agriculture, natural or manufactured goods or any handicrafts. 
Example: Darjeeling Tea, Assam Tea, Himachal Apples, Dehradun Basmati Rice Etc. Any duplication of the geographical indication tends to deceive the consumer as well as cause loses to the producer.



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