Patent grants exclusive right(s) to inventor(s) for making, using and selling a new product/process for a limited period of time, subject to full disclosure of that product, thereby incentivizing innovation by ensuring that inventors can benefit commercially from their creations while also contributing to the overall body of knowledge in their field.

Trade Mark means any symbol capable of differentiating the goods and services from those of other enterprises. In India, Trademark is protected under the Trademark Act, 1999, which provides legal recognition and safeguards the rights of trademark owners to prevent unauthorized use of their marks, thereby fostering fair competition and consumer trust in the marketplace.

Designs are governed by the Designs Act, 2000 in India. According to the Act, a Design refers to the shape, configuration, pattern, ornamentation and composition of colors, and it must be new and original in order to qualify for protection, enabling designers to secure exclusive rights over their creations and encouraging innovation within the field of industrial design.

Copyright provides exclusive right(s) to the author(s) for their literary and artistic works. The main objective of such protection is to encourage and reward creative work, thereby fostering an environment where artists, writers, and creators can flourish, while also ensuring that they have control over the use and distribution of their creations for a specified period of time.

A company’s IP Portfolio needs to be updated when there is a change due to a merger or acquisition or due to some other organizational change. These changes include changes in ownership or rights of intellectual property assets, reassignment of trademarks, updates to licensing agreements, and the need to re-evaluate the strategic value of existing patents and copyrights in light of the new organizational structure, ensuring that the company’s intellectual assets are effectively managed and legally protected during transitional periods.

Litigation not only strengthens the department by the way of monitoring the court cases but also smoothens the process of engagement of counsels for the court cases, ensuring that legal strategies are effectively developed and executed, reducing potential delays and enhancing the overall efficiency of legal proceedings within the organization.