Biopiracy: the extent to which patent systems exploit traditional indigenous knowledge; the unauthorized and uncompensated taking of biological or genetic resources.
Concerns biodiversity as the “common heritage of mankind” that must be preserved for future generations.
With Western system of IPRs based on the premise that anything that is already known cannot be protected--and that the very nature of TK being communally disclosed--TK could be interpreted as not meeting the criteria for IP protection.
Balance sought that provides equitable access to TK for benefit of society as well as compensation for its indigenous owners.