Protection of Traditional Knowledge, Genetic Resources and Expressions of Folklore [ No. 16 of 2016 “ fair competition ” means any act of competition that is based on honest practices in industrial or commercial matters and includes various acts that do not mislead the public or cause confusion; “ genetic resource ” means any genetic material of a biological resource containing genetic information having actual or potential value for humanity and includes derivatives, fauna and flora of terrestrial, aquatic and any other origin which may be used by the holder to obtain specific practical outputs in any field of human activity or derivative; “ holder ” means a traditional community, an individual or a group, irrespective of the pattern of ownership, and who is the owner of the traditional knowledge, genetic resource or expression of folklore in a traditional and intergenerational context who has a right over or to whom traditional knowledge, a genetic resource or expression of folklore belongs to, in accordance with customary laws and practices; “ innovation ” means a product derived from a traditional method or process, whether documented, recorded or in oral form, which introduces a change and includes an alteration, modification or improvement or any component of a biological resource or gene, enhanced use or value through the application of traditional knowledge; “ intergenerational ” means being or occurring between or across generations; “ in-situ ” means a condition in which a genetic resource is found in its natural habitat or ecosystem; “ plant variety ” includes cultivar, clone, landrace, hybrid or strain; “ practice ” means a traditional method or process or way of doing things, with regards to traditional knowledge, genetic resource or expressions of folklore; “ prior informed consent ” means the giving by a prospective user of traditional knowledge, a genetic resource or expression of folklore, complete information to a traditional community, individual or group and based on the information, the prior understanding and acceptance by a traditional community, individual or group to use their traditional knowledge, genetic resource or expression of folklore in accordance with this Act; 455