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Author: BananaIP Reporter

BananaIP Counsels > Articles posted by BananaIP Reporter (Page 27)

Audit for IP Systems to Derive Business Value

The post was first published on November 5th, 2011.The value of IP for businesses is today an accepted fact. As I had mentioned in my earlier posts, companies are today grappling with establishing systems and mechanisms to derive value from IP rather than questioning its value as earlier. One important step in the process is uncovering IP in the company and categorizing its value for the business. I have elaborated on the role of IP Audit for identifying IP in my last post and my focus of this post is on using audit for establishing processes to derive business value. A...

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What is your IP worth? Improving Revenues and Financial Value of a Company

This post was first published on October 21st, 2011. A company's Intellectual Property (IP) is one of its most valuable assets. The value of a company's IP is directly proportional to its R&D and innovative activities. The IP Value of most companies that are research-based is generally much higher than their tangible assets.  Most companies in India have today realized the value of IP but fall short with respect to its planning, optimization, and utilization for gaining business benefits. In order to make the best of IP, every company must not only generate intellectual assets but also protect, manage, enforce and...

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Can God’s Name be Monopolized? ‘No’ Says the Court

This post was first published on October 19th, 2011. BHOLE BABA MILK FOOD INDUSTRIES LTD v. PARUL FOOD SPECIALITIES PVT. LTD.- High Court of Delhi.  (Division Bench) Facts: The Appellant has a trademark registration for the label KRISHNA with a pictorial reflection of Lord Krishna standing on a lotus flower for dairy products. The Respondent was selling ghee under the mark ‘PARUL’S LORD KRISHNA’ where the word KRISHNA was dominantly written in large font. The Appellant sought to obtain an interim order restraining the Respondent from using his mark in the said form but the order allowed the Respondent to use the mark with...

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Elvis Presley International Memorial Foundation v. Crowell – Right of Publicity is Descendible

This post was first published on October 12th, 2011. 733 S.W.2d 89 (Tenn., App, 1987) Elvis Presley was one of the most popular American singers of the 20th century. He was popularly known as “King of Rock and Roll”. Elvis Presley's career was without parallel in the entertainment industry. From his first hit record in 1954 until his death in 1977, he scaled the heights of fame and success that only a few have attained. He was aware of his likeness and had sought to commercialize it. As early as 1956, Elvis Presley's name and likeness could be found on bubble gum...

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‘Darjeeling’ is Not Owned by Tea Board

The image depicts a tea estate in Darjeeling.

This post was first published on 19th September 2011. Tea Board, India v. I.T.C. Limited Decided by CALCUTTA HIGH COURT on 24th August, 2011 Facts The plaintiff is an autonomous, non-profit statutory body and was established by the Government of India for the purpose of controlling the Indian Tea Industry. This establishment is engaged in production, cultivation, marketing, sale and export of tea, encouraging research, and other numerous statutory duties and functions under the Tea Act. In order to preserve the integrity of tea sold under the name DARJEELING, the plaintiff has developed a distinctive DARJEELING logo, which consists of the image of a...

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Music Broadcast Pvt. Ltd. v. Super Cassette Industries Ltd.

This post was first published on 5th September 2011. HIGH COURT OF DELHI RFA No.250/2011 & CM No.8977/2011 Decided On: 01/09/2011 Facts: This appeal arises out of the interim orders passed by Copyright Board in the litigation between Music Broadcast Pvt. Ltd (MBPL) and Super Cassette Industries Limited (SCIL) with respect to fixing of a royalty fee of a license agreement between the parties. According to the Memorandum of Understanding (MoU) between the two parties if the two parties are in litigation and if any Court/Copyright Board whether in any interim or final order where both SCIL and MBPL are parties, stipulates a rate...

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D.M. Entertainment Pvt. Ltd. v. Baby Gift House and Ors.

This post was first published on September 14th, 2011. Citation: MANU/DE/2043/2010 Daler Mehndi is a popular music composer, lyricist, and singer in India. He was involved in the creation of numerous music albums such as BOLO TA RA RA RA, DARDI RAB RAB and so on, which have been sold extensively across the world. He incorporated a company, D.M. Entertainment Pvt. Ltd., the plaintiff in this case, in 1996, in which the letters DM stands for the initials of the name, Daler Mehndi. The company was originally incorporated to manage Daler Mehndi's advancing career and also helps in raising funds for charities,...

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Confidential Information: Basic Clauses in a Non-Disclosure Agreement

This image depicts a stamp of the word confidential. THis image is relevant because this post talks about the basic clauses of a Non-Disclosure Agreement. Click on the image to view full post.

This post was first published on August 15th, 2011. One of the most widely adopted measures to protect secrecy is the execution of a Non-Disclosure Agreement (NDA). It is a common practice to sign an NDA before disclosing any confidential information. A well-drafted NDA is easy to understand, not too long and lucid. Important clauses in an NDA include: Definitions; Confidentiality; and Term and Termination. a. Definitions Clause The definitions clause in an agreement defines important terms used in the agreement. The objective is to avoid any confusion with respect to the meaning of critical terms used in the agreement. Every NDA must...

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How Many More Patents Would it Take to Make the World a Better Place to Live in?

This post was first published on July 30th, 2011. In a country like India where the sun is out for the major part of the day, I wonder if we are capitalizing enough on this abundant and sustainable source of energy, especially in a time when we are close to running out of conventional resources such as oil, gas, and coal. Harnessing this energy in order to make the surrounding environment a little more conducive for better living has become imperative. There has been some significant work in the field of green technologies, especially solar energy and wind energy and also subsequent...

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Are Rajinikanth’s Methods Patentable?

This post was first published on July 27th, 2011. Patentability of process inventions has always been interesting and controversial. We have earlier reported that the methods of performing yoga, massaging, walking on water and so on are patentable. After reading some of these posts, one of my colleagues (seemingly a big Rajinikanth fan) was curious about the patentability of Rajinikanth's methods and hence this post. Let us begin with the basics. As per the Indian Patents Act, any process or product is patentable if it meets all patentability requirements. All methods are therefore patentable unless they are expressly excluded under Section 3,...

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