Intellectual Property is undoubtedly an important intangible asset for a company. IP asset strategies hold a prominent place in business. The development of IP, especially patents, requires a lot of time, effort, and money. This can be well understood from the time that is required for a patent to be granted. If a patent is granted for an invention, it ensures that no other person can claim your invention as their property. Even if someone ends up doing so by selling a copy of ...Read More
The culinary industry is one of the most lucrative industries in the world. The Indian food industry is estimated to be valued at around US dollar 1.3 billion and is growing at an expedited rate of 20 percent every year. In 2020, food in India’s retail sector was valued at around INR 61 lakh crore. According to a report by the Economic Research Service, the U.S Department of Agriculture, it has been enumerated that the top 50 food manufact...Read More
Climate change is a significant predicament that plagues the 21st century. In a broad sense, it can be defined as the alteration of temperature and climatic patterns of an area that is caused due to human activities that release greenhouse gases into the Earth’s atmosphere. Climate change is an issue that several international authorities have neglected for a very long period of time. Several international efforts have bee...Read More
With the recent ruling that Artificial Intelligence (AI) can be an inventor, the Australian Court has given a new dimension towards the rulings for the AI as an inventor. This was done in the recent case of Thaler v. Commissioner of Patents [2021] FCA 879, where the issue was the grant of a patent for an invention developed by AI. The Court ruled that the AI can be inventor adding onto the jurisprudence of already developing area.%3...Read More
Today, innovation is what drives the world. In a world that is brimming with innovation to make life increasingly comfortable for mankind, several companies may develop technologies that are similar to each other. Consequently, it would become impossible for one company to develop a particular technology without inf...Read More
The ASEAN Patent Examination Co-operation (ASPEC) will now be accepting written opinions issued by any participating intellectual property office under the ASPEC. This came into force on June 15, 2021. Like that of other bilateral or multilateral agreements where one country accepts others’ final search and examination results from the IP office, similarly, ASPEC allows using of the search and examination fro...Read More
With the age of globalization and an era of the global market, major companies offer those products and services which are viable around the world. But as per the principle of patent law is concerned, the validity of a patent is limited to the jurisdiction to which it has been applied. Therefore, there is no such concept of “international” patent in the world. For example, the patent granted by the United States Patent and Tradem...Read More
The patent waiver proposed by India and South Africa and supported by various other countries has been revised proposing the temporary waiver to be for at least three years. This revision comes amid the uncertainty regarding the effectiveness of the vaccine for children and against new variants and was aimed to narrow down the scope of the waiver.
Xiaomi, a Chinese multinational electronic company has been granted a patent for its under-screen flip camera. The company headquarters in Beijing is a major electronic company that works in the industry of Smartphone mobile apps, laptop home appliances, bags, shoes, consumer electronics. Xiaomi undoubtedly has a major consumer base in the electronic market with having developed the mobile system-on-chip capabilities after Apple, Samsung, ...Read More
With the highly developed economy in the world, Japan sets itself apart as the global center of a technologically advanced country. As per the data released by IMF and World Bank, Japan is the third-largest economy in the world by nominal GDP and fourth-largest in terms of purchasing power parity. It’s the world’s second-largest developed economy. With such huge economic power, Japan also plays a leading role in the organization su...Read More
Patents provide the proprietor the right to effectively monetize the invention and have the monopoly of the same. With such utmost importance, the various companies are seeking patent protection in those fields where it taking patent protection was never thought of. One such industry is the video games industry. If we talk about the UK, the video game i...Read More
For a long time, the storage and retrieval of documents were time-consuming affairs for lawyers and caused productivity issues for a long time. Thankfully, Legal Document Management System is there to enable a smooth legal practice by tracking, managing, and storing documents with the help of metadata and tagging.
It is not unfair to say that Read More
The Enlarged Board of Appeal in the European Patent Convention is the highest judicial authority having the main task of uniform application of EPC. In one of the recent cases concerning the computer-implemented invention, the examining division refused the application on the reason of lack of inventive steps (European patent application 03793825.5). The applicant appealed to the Technical Board of Appeal which re...Read More
Recently, the US Chamber of Commerce Global Innovation Policy Center (GIPC) released their Ninth Annual International IP index titled “Recovery through Ingenuity”. This index provides the global intellectual property ranking comparing the world’s developed and emerging markets. The index shows that despite the pandemic, the global performance of IP has improved with the United States, Japan, a...Read More
With the increase in patent filing around the world, the European Patent Office (EPO) comes up with the Patent Index 2020 addressing the filing activity going on at the EPO office in the last year. The year 2020 mostly went into tackling the pandemic, the effect of which has been substantially visible with the decrease on the country-to-country basis. This ...Read More