MICROALGAL BIOTECHNOLOGY: ETHICS AND INTELLECTUAL PROPERTY RIGHTS

Abstract

Microalgal biotechnology is a novel developing area which is persistent in most of the technological divisions. With the spread in microalgal biotechnology, there has been a peak in the number of products and services which has led to a new understanding covering the Intellectual Property Rights (IPRs). IPRs are the legal rights of the developer to hold and protect the defined product or service. With the recent developments in microalgal biotechnology, a new understanding should be adopted in terms of covering the opportunities, threads, legal rights and ethical issues to benefit from more realistic, secure and sustainable production technologies and reliable products. Thus this study aims to display the relation of microalgal biotechnology with IPRs.