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Intellectual Property Tag

BananaIP Counsels > Posts tagged "Intellectual Property" (Page 26)

Secrecy Obligations of Employees

This picture depicts a person keeping a finger on his lips. This image is relevant because this post talks about the secrecy obligations of employees. Click on the image to view full post.

First Publication Date: 7th December 2010. Trade Secrets form an important part of intellectual property owned by most knowledge driven companies. Infact, patents and others are just the tip of the intellectual property ice berg of a company, the rest being trade secrets. Most countries including India do not have legislations protecting trade secrets and the law with respect to their protection emanates from court decisions. Agreements have been recognized by Indian courts to be valid measures to protect secrets. Some of the decisions have been provided  hereunder for your reference. Niranjan Shankar Golikari v. The Century Spinning and Mfg. Co. Ltd[i] Mr. Niranjan...

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Mitigating Patent Risks

  First Publication Date: 7th December 2010   This is in furtherance of the post  "Assessing patent risk in India". Mitigation and management of patent risks assumes very high importance in the light of increasing patent enforcement in India. Risks from patents primarily come from infringement of patents of others. Some of the common strategies for risk mitigation are as follows: a. Design around; b. Licensing; and c. Invalidation.   a. Design Around Risks from a patent can be mitigated by designing around the claims of the patent. If a product or process is so designed that it does not fall within the scope of the claims it...

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Sensing Licensing Opportunities

First Publication Date: 6th December 2010   Licensing is one of the important ways by which companies generate revenue from their patents. Assignment or licensing is the only way by which many dedicated research firms, that develop a portfolio of patents through focussed research make money. For many knowledge driven companies patents add value by providing competitive advantage or business advantage through exclusivity. Decision with respect to investments in R and D are made by most companies based on possibilities of patent acquisition. On the other hand, Universities and Government Institutes generally protect some of the inventions created from research and their...

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Greatest Path-Breaking Invention!

First Publication Date: 2nd December 2010. Since the Neanderthal age man has been on a perpetual quest to improve its living conditions which has made it possible for science to advance from one stage to another. Man is a curious being and to satisfy its insatiable curiosity it has constantly been on the lookout for new things. The essential human journey has witnessed visionaries and inventors  who have always been in a race with time which has resulted in marvelous inventions designed to lessen human hardship and has revolutionized the human life. Inventions like the Bulb, the Steam engine, the Telephone and...

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Telephone – Inventions that Revolutionized the World

  First Publication Date: 27th November 2010 The most common devices used for transmitting the voice signal over a greater distance are pipes and other physical mechanical media. All of us as a child must have used this form for communication. Another device used for centuries for voice communication is lover’s phone or tin can telephone. The classic example is the children's toy made by connecting the bottoms of two paper cups, metal cans, or plastic bottles with string. But the invention which changed the entire scenario of the communication is the telephone. It revolutionized the entire communication system. People could hear...

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Steam Engine – Inventions that Revolutionized the World

First Date of Publication: 26th November 2010.   In the era, when the Scientific Revolution occurred and mechanics was established as science, Sir Isaac Newton was known as a scientist rather than a natural philosopher, the world took a massive step towards the modern world. The advent of newly invented machines became part of the daily and economic lives. Textile production was the bustling trade in 17th century but geographically it was focused mainly around Greater Manchester, Pennines and Lancashire. Thus it faced the problem of geographical separation. At that time, horses and rivers were used for transporting goods from place to place....

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Traditional Knowledge: Use or Misuse?

This image depicts a toothpaste tube shaped like a banana. It raises the question of such possibility. This post explores how traditional knowledge is used and misused by patents. Click on the image to read the full post.

First Publication Date: 28th October 2010.   Misuse of traditional knowledge and measures to prevent the same have been attracting attention since the turmeric patent controversy. After successfully revoking turmeric patent claims that formed part of traditional knowledge, the Indian government has taken numerous initiatives ranging from legislative and policy changes to documentation and creation of a library of information (TKDL). With the press and media joining the effort, the awareness with respect to rights of traditional knowledge holders , actions against traditional knowledge misuse, policy initiatives and so on has been increasing. The TKDL has been playing an important role in...

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Indian Herbal Viagra Receives Patent Grant

First Publication Date: 5th October 2010. Kunnath Pharmaceuticals, Kerala recently received a patent for their product, Musli Power Xtra, an Indian herbal aphrodisiac for men and women. Musli Power Xtra popularly known as the ‘Indian Herbal Viagra’ is  reportedly India’s first ayurvedic herbal formulation to receive a patent for the treatment of sexual dysfunction. The herbs and ingredients which form part of the formulation includes the following: Chlorophylum borivillianum (Safed Musli), Mucuna purita, Withania somnifera, Moringa oleifera, Embilica officinalis, Tribulus trerrestris, Hygrophilla auriculata, Myristica fragrans. The patent (patent no. 241602) has been granted for the application titled “Herbal formulation used as a health...

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Open Source – A Business Reality

This image depicts the Open Source trademark, which comprises of a green keyhole with the words Open Source. this post talks about interesting developments in Open source technology. Click on the image to read the full post.

First Publication Date: 5th October 2010 Open source has today become a necessity for most businesses. It is estimated that 99 percent of all companies using software use at least one open source component. The business value added by open source products makes them inevitable for every company. In addition to software, open source has today expanded its tentacles to many areas from open text books to open drug discovery and is fast spreading to other areas.No business shift happens without legal hurdles and complications. With the rise in applications of open source to businesses, the legal battles with respect to...

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Financial Assistance from Technology Development Board (TDB) for Industrial Concerns for the Development of Indigenous Technologies

First Publication Date: 4th October 2010 Technology Development Board (TDB) mandates to provide financial assistance to the industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology for wider domestic application. TDB was established as per the provisions of Technology Development Board Act, 1995 by Government of India through Department of Science and Technology. The funds collected by the TDB are through industrial concerns under the provisions of the Research and Development Cess Act, 1986, as amended in 1995 and through other donations (as donation made to this fund have full deduction for income tax...

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