Intellectual property is the creative work of human intellect. The primary motivation to protect these ‘knowledge goods’ is promotion of innovation and creativity by striking a balance between protecting the inventor or creator’s rights and fostering follow-on or cumulative developments.…
Recently, India and South Africa have filed a joint submission to the Council of the Trade-Related Aspects of Intellectual Property Rights (TRIS), requesting the WTO to waive off certain provisions of the TRIPS Agreement, in order to make sure that…
Introduction Patent legislation in Sri Lanka can be traced to the earlier years of this century. As pointed out by T.A. Blanco White "the basic theory of the patent system is simple and reasonable. It is desirable in the public…
Abstract Trademark is a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others. Trademarks licensing is an agreement through which the Trademark owner permits…
Intellectual property rights (IPR) have come to be a crucial asset in improving businesses in today’s global economy. They’re pivotal with regard to the success of small and medium-sized enterprises (SME) by way of providing a safeguard to their innovations…
On 17 October 2020, twelve years after the third amendment of China’s Patent Law, the fourth amendment (hereinafter, ‘the Amendment’) was approved by the Standing Committee of the National People's Congress. The Amendment will come into effect on 1 June…
Patent licensing is a concept that provides that patent holder can further delegate his/her rights to a person who can further use it according to the patent holder and take his invention forward and in return pay royalty or remuneration…
A patent license agreement is an arranged understanding between a patent holder and a licensee. When the parties have arranged the particulars of an understanding, the parties enter into an agreement where the patent holder (licensor) consents to permit the…
It started in 2015 when representatives of 196 state parties at the 21st Conference of the Parties of the UNFCCC in Le Bourget, near Paris, France agreed to fight climate change by keeping the increase in global average temperature to…
INTRODUCTION The royalty agreement of patent means that a person having the patented products is ready to delegate his exclusive rights to some extent in the form of license to a person who shall be known as a licensee who…