The protection of traditional knowledge (TK) is the most contentious issue in the contemporary intellectual property rights (IPRs) regime. With the advancement in biotechnology, developed countries demand access to biogenetic resources and associated TK of bio-rich countries for obtaining headway in bioprospecting, research, drug discovery and patents. Notwithstanding the adoption of several Agreements and Conventions, the biopiracy cases are on rise. There is a great demand from the indigenous communities of developed and underdeveloped countries to protect their TK from misappropriation....