We live in a knowledge-based era and future of business depends largely on effective creation, management and utilization of intellectual property rights. Intellectual and technological advancement is required to have a competitive advantage in the market.
COPYRIGHTS Copyrights are exclusive rights granted to an author or creator of a literary, dramatic, musical or artistic work.
Patent is a legal right of monopoly granted by the statute for an inventive process or product for a limited period of time.
Trademarks or brands include logo, words, company name/division name, sign, symbol, Heading/signature, label/packaging, etc.
Ornamental or aesthetic aspect consisting shapes, patterns, configurations, lines or colours of a product is protected as an Industrial Design.
Geographic Indication is a sign indicating the place of product attributing special characteristics or reputation to product.
Agreement is a legal contract binding between two parties and consists of mutually agreed terms or understanding between two parties.
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Trademarks, more commonly known as brands include logo, words, company name, sign, symbol, sound, product design, product packaging etc. which can be graphically represented and which are innovative and distinct enough to indicate the source/ origin of the goods/services of one proprietor from that of others in market.
Copyright registration is not compulsory in India, but it is advisable to get copyright registration, as it provides certain benefits, better protection and works as prima facie evidence of ownership of work.
Non contest of suit by Defendant, still damages granted (Delhi High Court, May 2014- Pepsico Inc & others. v/s PSI Ganesh Marketing & Anr.)