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The principle that once a product has been sold on a market, the intellectual property owner no longer has any rights over it. (A debate among WTO member governments is whether this applies to products put on the market under compulsory licences.)

Countries’ laws vary as to whether the right continues to be exhausted if the product is imported from one market into another, which affects the owner’s rights over trade in the protected product.

Source Publication:
Doha World Trade Organisation Ministerial: Glossary of Terms.

Cross References:
Parallel imports


Statistical Theme: International trade statistics

Created on Wednesday, August 14, 2002

Last updated on Wednesday, March 5, 2003