Sr. Country No. of patents Growth rate No 1 China 1.38 million 14.2 percent 2 United States 606,956 0.2 percent 3 Japan 318,479 0.03 percent 4 The Republic of Korea 204,775 1.9 percent 5 The European Patent 166,585 4.5 percent Office 6 Germany 67,712 0.3 percent 7 India 46,582 3.4 percent 8 Russian Federation 36,883 11.3 percent 9 Canada 35,022 0.8 percent 10 Australia 28,906 1.8 percent Types of Intellectual Property Requirement of Intellectual Property rights: • Prevent plagiarism. • Prevent others using it. • Prevent using it for financial gains. • Fulfil obligation to funding agency. • Support income generation strategy. MULTIPLE TYPES OF IP RIGHTS CAN BE USED TO PROTECT AN INVENTION • The brand, “Coca-Cola,” is a trademark. • The formula for the actual soda is a trade secret, • while copyright protects the packaging art. • The shape of the Coca-Cola® bottle is protected by both (1) a design patent and a trademark Problem Faced By Startups • Planning for protections after launch of the product/idea • Confusion regarding choice of proper protection for the idea/product • Lack of research before the launch of idea/ products • Lack of secrecy before the launch What Are the Types of Patent Infringement? • Direct patent • Indirect Infringement • Contributory Infringement • Induced Infringement • Willful Infringement • Literal Infringement • Doctrine of Equivalents Patent Infringement Trademark Infringement • Any unauthorized use of the exclusive statutory rights of a registered trademark constitutes infringement. Trademark Infringement Copyright Infringement • copyright infringement occurs when a copyrighted work is reproduced, distributed, performed, publicly displayed, or made into a derivative work without the permission of the copyright owner. Copyright Infringement • The fast food giant McDonald's has lost a David v Goliath legal battle against a Malaysian curry restaurant which used the term 'McCurry'. • The eight-year legal dispute ended when Malaysia's highest court ruled in favor of the curry house, in Kuala Lumpur. • After the trademark battle, the federal court rejected a McDonald's Corporation appeal against an earlier judgment that had allowed the curry restaurant to use the 'Mc' prefix. McDonald's was also ordered to pay costs. • The owner of McCurry, which includes fish-head curry on its menu, successfully argued that the name stood for Malaysian chicken curry. Trade secrete infredminet • Trade secret infringement is called “misappropriation.” It occurs when someone improperly acquires a trade secret or improperly discloses or uses a trade secretwithout consent or with having reason to know that knowledge of the trade secretwas acquired through a mistake or accident.