How does the present IP system strike a balance between the rights of an inventor and the rights of other individuals and the Society in general? 

In the present era of liberalization, globalization and fast paced information technology, intellectual property rights have emerged as a new global phenomenon. An efficient and effective IPR regime is one which balances individual incentives and benefits with the wider needs of the society, while, IPRs are a wellestablished institution in the manufacturing sector, their application to agriculture is still in a state of evolution. The intellectual property system helps strike a balance between the interests of innovators and the public interest, providing an environment in which creativity and invention can flourish, for the benefit of all. A patent only gives an inventor the right to prevent others from using the patented invention. It says nothing about whether the product is safe for consumers and whether it can be supplied. Patented pharmaceuticals still have to go _____ _________ _________ __________ ___ _______.
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