When you listen to a song on the radio or your mobile's music application, there are two specific copyrights: One for the music composition One for the sound recording While both these rights are attached to the song, there are different rights because they are often independently licensed.
A Copyright refers to a set of rights and is conferred on original works (considered as an intellectual property asset) of a person created using his/her individual talents, skills, creativity and intellect. 1.
The Government has the authority to also grant a third party right over the patented invention, on the grounds that the grant of license in imperative to the welfare of the society.
The exclusive rights granted to the owner of the copyright are different from the rights that a person would receive if he or she merely owns a copy of the work.
In Intellectual Property, the right over the idea, design or technology is based on first come basis, and hence it is apparent that if the person delays in obtaining a patent for his or her invention they might lose it all together.
Read: Evolution of the Indian Patent Act Ever-Greening Strategies Innovator companies follow a number of strategies while they try to extend the term of patent protection.
Due to this, copyright protection does not extend to personal names, business names, and titles of books, other titles used to identify works or products, slogans, and short phrases.
Separate Legal Entity Once a company is incorporated and receives its Certification of Incorporation, it’s seen as a separate person in the eyes of the law.
Trademarks, a type of brand asset are registered under the Trademarks, Act, 1999, they are one of the most important Intellectual Property assets of a business.
Control Through Other Subsidiaries The holding company can either hold the shares of the subsidiary directly or through one or more of its other subsidiaries.
Definition of a Director under the Companies Act The Companies Act, 2013, defines a director as a person who is appointed to be a part of the Board of the Company.
The Act specifies that a dormant company is one that: Has no significant business operations or accounting transaction Is formed to hold an asset or intellectual property Is formed for a future project Benefits of a Dormant Status The first question that most people ask is that – Why incorporate a company only to get a dormant status for it?
Logo in a company is used as banners on visiting cards, I-Cards or any other marketing platform which will help target the audience and get familiar among that target audience as a product or service provider.
Example: Recent patent application for a sexual toy by a Canadian company 'Standard Innovation Corporation' was rejected by the Indian Patent Office on the grounds of morality stating that the claimed subject matter relates to sexual stimulation and hence is against the public order.
These objectives are said to be the guidelines of the company’s activities and purpose of existence and are usually defined during the incorporation of a company.
Features of a Joint Stock Company Under the Companies Act, a joint stock company has certain merits and provisions that it can enjoy, such as separate legal entity and perpetual succession.
Upon insolvency, bankruptcy, or liquidation of a company, the personal assets of the shareholders cannot be used to meet the financial burden of the company.
The complete specification application must include: Title of the invention Description of the invention Should have at least one claim for the invention, and One drawing to illustrate the working of the invention.
The rights granted by the government are called Monopoly Rights, and hence no other individual or company can use the invention or include the patented technology in the production of goods without prior permission.