Although patents for inventions are granted as a policy tool meant to foster the innovations and to protect the interest of the inventors, the relationship between the IPRs and disciplines regulating competition has always been a debated one. The increased international relations among the nations by way of travel, trade and capital movement has added to the significance of patent and patent laws, at the same time with the industrialization and grant of patent the issue of controlling the monopolistic power associated with IPRs in order to enhance consumer welfare has also gained momentum. However in the absence of any uniform international dimension over competition policies, the relationship between IPRs and competition law has become complex and inadequate one. The grant of unified global flexible guidelines on competition policies under the patronage of WTO would definitely go long way in complementing the two different levels of market regulation both for developed and developing nations.
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