International Journal of Management Sciences and Business Research, Sep-2020 ISSN (2226-8235) Vol-9, Issue 9

In order to implement the TRIPS’ agreement, the Republic of the Union of Myanmar has been drafting IPR law. Apart from this, the law concerning patent rights is one of the great importance under TRIPS. Pros and cons centered from the economic view for having patent rights are discussed. The paper further discusses the consideration of granting patent rights. If the statutory provisions cannot cover how to grant this right, being there has been no decided case on the patent right in Myanmar, cases either from the European Union or from the United States should be studied because these two communities have been popular in dealing with patent issues. This paper views that the Republic of the Union of Myanmar is on the right path to having the consolidated intellectual property law that includes Patent Law in the new version.