WIPO's Global IP Service portfolio includes the PCT for patents, Madrid System for trademarks, Hague System for designs, and Lisbon System for geographical indications, providing cost-effective, streamlined pathways for international IP protection.
- True
- False
Answer: True
These systems reduce the complexity and cost of seeking protection in multiple countries. By centralizing application procedures, they enable innovators and creators to focus resources on commercialization and enforcement, fostering global innovation and cultural exchange through predictable IP rights.