To mark your place as a sustainable and defensible differentiator in a highly competitive market protecting your IPR is the best and the only way that helps you maintain that place.
The categorized representation of intangible objects such as copyrights, trademarks, original concepts, and ideas is intellectual property (IP). An intangible asset is a non-physical asset that the company owns. It is owned and legally protected by a company. It is based on the concept that certain products of human intellect shall be protected with the same legal rights and with the same diligence as the physical property is protected. There are legal measures in place to protect both forms of properties in most of the developed economies.
The intellectual property holds such high value in today's knowledge-based economies that the companies work hard when it comes to identifying them or protecting them. A significant duty of any business is to derive value from intellectual property and prevent others from deriving value from it. Intellectual property can take several forms. Even though intellectual property is an intangible asset to a business, it can be of much more value than physical assets. Intellectual property is given an advantage to the companies, and therefore they protect it fiercely from misuse. Some of the ways to protect your intellectual property are:
Everyone in the business must take some responsibility for IP protection. IP is a valuable asset to the business, and many times it depends on the integrity of IP. Therefore, it should be given proper attention by both management and employees. Special roles can be assigned in a business to be held responsible for the protection of your IP rights. A person who is legally qualified to manage IP protection would be preferable. Intellectual Property Rights can be enforced in India by bringing actions to the civil court or through criminal persecution. Criminal proceedings, although, do not apply to patent and design infringements. The courts can provide interim remedies like an injunction. Intellectual property can be protected legally in the following manner:
Although certain risks are associated with IP enforcement in India, such as there is a lack of awareness regarding IP protection amongst the public. Judicial delays are also there when courts can take months and years to come to a final verdict. Lastly, several small players account for most IP infringements. However, A noticeable advantage is there for the foreign business running in India as the legal system is based on law common to several nations, so the basic procedure remains similar.
When a new business is started, it has a highly dynamic environment but the competition and technology are at a peak as well. One has to remain active and aware every time to protect your intellectual property from being used for other products and services. To mark your place as a sustainable and defensible differentiator in a highly competitive market protecting your IPR is the best and the only way that helps you maintain that place.
One of the most stressful and frightening invasions of privacy, a human face may be obscene or harassing phone calls. A small involvement relating to threatening calls, unwelcome phone calls can also be a major nuisance. Fortunately, to help bring an end to this unwelcome interference, there are actions you may take.
Every act passed by the Parliament begins with a short title of the act which declares the name by which the act may be called. This is followed by the extent and the year of commencement of the act. By extent, the act defines the territorial jurisdiction which determines the applicability of the act and maintainability of suits.
We all have a problem in our life, be it a family problem, relationship problem or a legal problem. Many times we can solve such a problem but not always a legal problem. We often end up not taking a stand against acts of others even if we know that we have laws for protection against it. Why does this happen? The reason for not proceeding against such actions might be because most of the people don’t know how to proceed or what sort of remedies are available to them.