The TRIPS Agreement is a minimum standards agreement, which allows Members to provide more extensive protection of intellectual property if they so wish.
Members are left free to determine the appropriate method of implementing the provisions of the Agreement within their own legal system and practice.
Intellectual Property Rights agreements allow companies to cooperate with other parties on specific assignments or business ventures, which can lead to the design of innovative products and services.
The TRIPS Agreement is the only international agreement that describes intellectual property rights enforcement in detail, including rules for obtaining evidence, provisional measures, injunctions, damages and other penalties.