Professional Documents
Culture Documents
Presented By: Prasad Oak Ranganath Khanolkar Rupali Deo Sharmila Prabhukhanolkar Farhat Ali Jinesh Jain Devang Shah Shyamal Raval
Patents
Trademark
Copyrights
Designs
Causes
New & Faster means of Communications Speedy Traveling & Transport facilities
Even at local level you face global competition. WTO & TRIPS Need for TRIPS
Indian Perspective
Initial Indian Law as per Indian specific requirement
Types of Patent
Copyright
What is copyright ? Qualifications for Copyright subsistence Term of Copyright Rights conferred by Copyrights Registration Assignment, Transmission & relinquishment Infringement & remedies available
Trade Mark
Introduction Who can apply? Is a prior search must? Process of registration Rights conferred by registration Grounds of cancellation and revocation Assignment and transmission
TIME PERIOD
Actual inventor or an assignee of the right to make an application or legal representative of either Assigning rights or licensing them to industrialists for a lump sum payment or royalty basis Injunctions, Accounts of profit Damages,
Proprietor of the trademark and the application may be made in the name of an individual, partners of the firm, Corporation, Government department or Trust Licensing the rights by registration of the licensee as a registered user. Injunctions, Damages, Accounts of profit
COMMERCI-AL USE
Valuation
It must be measured initially at Cost. ICAI has issued AS 26 relating to intangible assets, which must be considered for valuation.
In case of separate Acquisition. In case of Internal generation.
Methods of valuation
Market Value Method. Cost-based Methods. Past and Future Economic Benefit Method (Income Method):
Capitalization of historic profits method. Gross profit differential method.
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