Page 58 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 4: Legal Issues for Entrepreneur

are four patent office in India, Head office is located in kolkata and other offices are located in Notes
Delhi, Chennai and Mumbai. The examiners of each patent office have to release their work
according to the direction of controllers.
Figure 4.4: A Depiction of Symbol of Patent

Source: http://1.bp.blogspot.com/u146QXbTuaw/Tz6q1YMmbeI/AAAAAAAAFro/Z8iZJXN7kA/
s1600/stock-photo-patented-intellectual-property-stamp-82418215.jpg
Patent law is complex, which is essential to obtain the services of an attorney who specializes in
patent law. Patent law is one of the fastest growing fields of law, which deals with issues
surrounding the protection of ideas. By protecting the rights of the inventor, the government
can be sure that people will continue to think of unique and new ideas to share with the world.

Patent law of India has the following most main features, which decide whether a patent will be
granted or not:
1. The Object: The object of patent law in India is to encourage scientific research, new
technology, and industrial progress.
2. Inventive Step: The fundamental principle of Patent law is granted only for an invention.

Self Assessment

Fill in the blanks:

1. …………………. is a form of intellectual property protection granted under Indian law to
the creators of original works.
2. Copyrights can be exercised only by the owner of copyright or by any other person who
is duly …………..... in this regard by the owner of copyright.
3. Principle place of business is important to determine the appropriate office for filing the
……………… application.

4. ………………… and Trademark law are two sides of same coin.
5. Trade Secret is …………………. information generally not known to others.

4.2 Intellectual Property Rights in India

Among the agreements of WTO, Trade Related Intellectual Property Rights (TRIPs) is of special
significance to the Entrepreneurs. India has modified its laws on intellectual property to be
compliant with WTO provisions. However, developed countries have still apprehensions about
the enforcement of IPR Laws.

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