Business law : Intellectual property right: Patents, trademarks, geographical indications
Intellectual Property Rights and Creation of Patents · Intellectual Property Rights and Creation...
Transcript of Intellectual Property Rights and Creation of Patents · Intellectual Property Rights and Creation...
Intellectual Property Rights and
Creation of Patents
Presented by
Dr. Shaleen Raizada
Sanshadow Consultants Pvt. Ltd
What is Intellectual
Property
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Are You Aware?
ƒ Intellectual
property is a
"product of your
mind" and
belongs to you,
just like your
house or your car.
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Money for Idea
ƒ Coke Can opener
ƒ LPG Cylinder safety cap
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Methods of protecting IP
ƒ Patents
ƒ Copyright
ƒ Trademarks
ƒ Industrial Design
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What Is A Patent?
ƒ Legal right
ƒ Granted by the Government of India
ƒ Prevents other people from making,
using or selling your invention
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Conditions For Patentability
ƒ Novelty
ƒ Not obvious
ƒ Industrially Applicable
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Use Prior to Date of Filing
ƒ Applicant - Module Electronic AB
ƒ Opponent - AB Cale Industry
ƒ Patent - Parking Fee machine capable of
receiving payment by credit card as well as
coins
ƒ Opposition claimed that “Parking Fee Pay
Machine” identical to patent was accessible
freely for use, prior to the date of filing
ƒ Patent refused on grounds of “lack of novelty”
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How Sanshadow will help in
creating Patent
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IP Protection &
Commercialization
Strategy (modus Operandi) for IP protection and commercialization
• It is important to start the commercialization of IP parallel with the
IP protection procedure so that the inventions can be commercialized
at a faster speed and the PCT filing cost can be shared/ taken by the
party ready to take the technology.
❖ IP Protection
• Prior art searching to know the patentability of the invention.
• Drafting of patent
• Filing of patent through lawyer
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Commercialization
• Phase I – Business Study & Reaching out• Study to identify potential business entities for technology & IP asset commercialization
• Annual turnover
• Technology and market segmentation of products
• Domestic and international market potential of products
• Organizational culture including willingness and perception of importance of IP acquisition and IP
creation in institutional strategy
• Branding, international recognition
• Status of any IP portfolio
• Marketing mails, calls and social media reach out to
potential entities.
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Commercialization
• Phase II – Facilitation & Deal Closure• Facilitation of IP asset/ technology commercialization with identified business
entities
• Methodology
• SSCPL will support in making presentations and highlighting the advantages of the patented technologies and IP assets that are available for commercializing.
• To open initial business discussions with identified targets
• Negotiations and deal closure
• TT Agreement creation and sign-off.
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Thank You
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