Companies, inventors, academics and users of the intellectual property system should benefit from a decision last week by member states of the World Intellectual Property Organization (WIPO) to revise certain standards associated with the recording, storage, exchange and retrieval of patent, trademark and industrial design information. These standards facilitate access to and use of the pool of publicly available industrial property information associated with the grant of patents, trademarks and industrial designs. This will also make it easier to access prior art information, which is critical in determining the patentability of an invention.

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