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Specifics of international private law

With the rapid growth of Industry 4.0 in the current era, along with the growing technical field Intellectual Property Rights has also made its mark. Globally, people are now aware of securing their Intellectual Property Rights through Patent, Trademark, Copyright, and Design. As we all know, Industry 4.0 means automation. Automation is bound to involve the inventions related to Artificial Intelligence and Electrical domain.  It will not be an overstatement to say that any AI or Electrical invention would be...

Introduction Intellectual property is a valuable fiscal and legal asset for businesses, especially start-ups and SMEs. It is widely accepted that intellectual property accounts for more than 80% of a company's worth[1]. As a result, having "clean" possession of any intellectual property (IP) that is vital to the functioning and profitability of the firm is critical. It is commonly understood that the process of valuing a company takes into consideration the firm's intellectual property resources. Start-ups and SMEs with legitimate intellectual property rights...

In today’s global knowledge economy, all businesses irrespective of their size and scale are bound to create ‘intangible assets’ of various kinds and their value may exceed even their ‘tangible assets’. This equally applies to individual IP holders, institutes, SMEs, start-ups as well as other large scale businesses. The valuation of Intellectual Properties and other intangible assets is one of the important concepts of intellectual property (IP) law. The value of an IP is a monetary compensation that is expected...

The Supreme Court of India via its order dated September 23, 2021, has withdrawn its suo moto extension of limitation period with effect from October 2, 2021. While the court recalled its suo moto order of April 27, 2021 wherein an extension was provided in the woke of second wave of Covid’19 pandemic, the Court held that “In spite of all the uncertainties about another wave of the deadly Covid-19 virus, it is imminent that the order dates 08.03.2021 is...

INTRODUCTION (Why Patents?) The Indian law governing and safeguarding inventions is enshrined in the Patents Act, 1970. A patent provides a right to an inventor(s) to exclude others from exploiting the patented invention. Therefore, anyone other than the inventor cannot use, make or sell the patented invention without permission from the inventor. The exclusive right obtained via patenting the said invention will give the right to commercialize the same exclusively and hence higher returns in the market by virtue of having the...

The Ministry of Commerce and Industry (MCI) on September 21, 2021 issued the Patents (Amendment) Rules, 2021 to further amend the Patents Rules, 2003. Accordingly following amendments are proposed: Rule 2 (ca), which specifies the definitions, a new definition has been inserted, namely:“eligible educational institution' means an institution established by a Central, Provincial or State Act, which is owned or controlled by the Government, and is wholly or substantially financed by the Government.”Rule 7 (1), for the second proviso, the following proviso...

Animation Industry has evolved a lot in the past decade. It is now one of the most popular and growing diligences in the world. Its expansion has created a special interest in those people who wants to create animated content. While speaking of big animation studios like Disney, Pixar & DreamWorks, we should not forget that Indian animation has a come a long way since the first Indian stop-motion film by Dadasaheb Phalke in 1941. Amongst the big names of...

The world has become one big place now, and one no longer experiences the earlier hindrances that were restricted by physical boundaries with easy access to almost everything. People all over have changed their perception over the years, and now we see this globe as one! Similarly, technologies too, among other things, have now found access in almost every country. One of the gateways opened in the recent years is for inventions which get patent protection not only in the home...

In today’s time, Intellectual property has become an indispensable asset especially when companies are looking to maximize their profits and growth. Patents, trademarks, designs or copyright must be valued at par with any other ‘real’ property that a company or individual owns. It is safe to say that investing in Intellectual Property is like investing in any other property that an organization owns because: (a) It is a valuable asset; AND (b) An organization can exploit it in a manner...

With the dawn of this new decade, we are seeing the emergence of technologies that will have a radical impact on the existing IP landscape. We are witnessing a technological revolution that is consistently altering the way we live, work, and relate to one another. With computers on our palms keeping us connected globally 24*7, to the increasing power of social media that is capable of tumbling governments, it is unlike anything that the human kind has experienced before. While we...