The cost of increased technology acquisition will probably be the major cost implication of the TRIPS Agreement.
This cost has two distinct components.
One is the increased cost of technology (not products) previously obtained, if at all, by unauthorized copying or imitation under conditions of non- robust protection.
While some scholars have suggested that the intellectual property protection provided by the TRIPs Agreement significantly benefits developing countries just as well as such protection has benefited developed countries in terms of increased economic growth and development, the author of this Article disagrees.
The TRIPS Agreement defines what types of signs must be eligible for protection as trademarks, and what the minimum rights conferred on their owners must be.
It says that service marks must be protected in the same way as trademarks used for goods.