Search Results for: MOST FAVORED NATION

most favored nation treatment

most-favored-nation treatment. Intellectual property. The practice or policy of automatically and unconditionally granting any intellectual-property protection, advantage, favor, privilege, or immunity that by treaty is extended to nationals of any member country to the nationals of all member countries. • This treatment is incorporated into the TRIPs Agreement. — Abbr. MFN treatment.

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most favored nation

most favored nation. A treaty status granted to a nation, usu. in international trade, allowing it to enjoy the privileges that the other party accords to other nations under similar circumstances. • The primary effect of most-favored-nation status is lower trade tariffs. — Sometimes shortened to favored nation. — Also termed most-favored-nation status. — Abbr.

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universality

universality. 1. Equality of applicability. 2. Copyright. A nation’s policy or practice of protecting an artist’s rights in his or her their creation irrespective of the creator’s nationality or where the work was created. • Universality, the most generous approach to international intellectual-property rights, is generally favored in countries that treat copyright as a moral

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