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Protecting your Intellectual Property (IP)

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Presentation on theme: "Protecting your Intellectual Property (IP)"— Presentation transcript:

1 Protecting your Intellectual Property (IP)
Session Title Protecting your Intellectual Property (IP)

2 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

3 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

4 Intro to IP What is IP? Examples of IP around you?
Any creation of human intellect Most of the times associated with a commercial value Examples of IP around you? Geographical Indication (GI) Inventions Marks Designs Artistic works

5 Intro to IP What are IP laws?
Involves creating, vesting, and using exclusive rights for intellectual creations such as Musical, literary, artistic works… Words, phrases, symbols, aesthetic creations… Product, processes… Indian IP Laws Inventions - Indian Patent Act, 1970 Marks – Trademarks Act, 1999 Industrial Designs – Design Act, 2000 Literary Works – Indian Copyright Act, 1957 GI - Geographical Indications of Goods (Registration and Protection) Act, 1999 Key Features of Indian IP Laws Creates private rights (Intellectual Property Rights or IPRs) Violators liable for civil and criminal action Rights transferrable and licensable just like property rights Restricted to jurisdictions Requires registration Note: No specific laws to protect trade secrets

6 Forms of IPR Trademarks Patents Copyright Forms of IPR Trade Secrets
Marks/Words/Phrases 10 years (Can be extended infinitely) Registration required but not compulsory Protects inventions 20 years Full disclosure of your IP to public Registration mandatory Artistic works Lifetime of author + 50 years or 50 years from date of publication acc to the case Registration required but not compulsory Copyright Forms of IPR Trade Secrets Industrial Design Processes/Compositions Infinite term No registration required Designs – Aesthetics 10-15 years Registration mandatory

7 Single Product – Multiple IPRs
1. Composition: Patent or Tradesecret 2. Process of making: Patent or Trade secret Bottle Design: Design patent Scotch: GI Glenfiddich Logo: Trademark

8 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

9 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

10 Basics of Patents Key Facts
Essence: Granted as an exclusive right by government for an invention in consideration by the disclosure of the invention by an applicant Limited Period of Protection = 20 years Excludes others from an unauthorized act of making, using, offering for sale, selling, or importing the patented invention during the term of the patent Territorial right Can be extended internationally to all major markets - protection facilitated through filing Patent Cooperation Treaty (PCT) applications or Paris Convention applications Total No. of Patents in Force in the World (till 2008) = 6.7 million ! Total No. of Patents in Force in India (till 2008) = 30,820 Sources: WIPO Stastics Report, 2010 Annual Report, IPO

11 Basics of Patents What is Patentability?
For an invention to be patentable, it should be: Novel - Should not be Published any where in the world, or Used in a country, or Disclosed in any patent application, or Part of Prior Knowledge anywhere in the world Non-obviousness (Inventive Step) Has an Industrial Application Should not fall under exclusionary class – Examples Business Methods etc

12 Patent Procedure – Types of application
Provisional Application Temporary application that may be filed to protect priority Easy to file – Requires basic formalities Results in no rights until followed by a regular patent application Regular Application – Very Critical Should be filed within 12 months of the provisional application (if filed) Includes claims Results in rights after examination PCT Application – For foreign filings Facilitates filing in foreign countries Should be filed within 12 months from filing of provisional or regular application, whichever is filed earlier Gives 30 or 31 months to the inventor to decide International publication of your invention Provides International Search Reports (ISRs) and International Preliminary Examination Report (IPER)

13 Stages of Patent Procedure
Filing at Indian Patent Office Patent Preparation & Filing PCT or Abroad Patent Application Published in India Application Examination in India Patent Pre-grant Opposition (3rd party opposition) Order of Grant Post-grant Opposition (3rd party opposition)

14 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

15 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

16 Myth 1 – Patents are only for pharmaceutical compositions or medicines

17 Patents can be for Anything
US Patent No. US A device for protecting the ears of a long-haired dog from becoming soiled by food while it is eating. A tube contains and protects each of the dog's ears. The tubes are held away from the dog's mouth and food as it eats.

18 Patents can be for Anything
US Patent No. US provides a device provides a small umbrella ("Beerbrella") which may be removably attached to a beverage container in order to shade the beverage container from the direct rays of the sun.

19 Myth 2 – Patent rights are global OR
You can obtain a worldwide patent

20 Patent rights are local – There is NO worldwide patent
The patent rights are restricted to the jurisdiction in which the patent is granted A patent granted by United States Authorities DOES NOT unenforceable in India Patent Corporation Treaty or PCT is only an international treaty that facilitates patent filing in multiple countries World Intellectual Property Organization (WIPO) is only an administrator WIPO DOES NOT grant worldwide patents Regional patent offices, such as European Patent Office (EPO), do not grant patent rights in the entire region. The approval is only on the patent and the patent is required to be validated in countries of choice (elected states)

21 Myth 3 – Software are not patentable in India they are copyrightable

22 Not entirely true Section 3 (k) of the Indian patent act excludes software per se Indian IP laws mandate copyright protection for software However, companies, such as Microsoft and IBM, are regularly obtaining patents in India The present norm is: Software embedded on a machine, and driving the machine are patentable Software claims are allowed in US and to some extent in Europe

23 Myth 4 – Patents are very expensive to obtain

24 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

25 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Indian and Global Patent Successes

26 Recent Patent Trends - India
IPR is becoming serious business in India Trademark Reforms in 1999; Patent reforms in 2005 IPR reforms reflect seriousness of the government Rapid growth in patent filings (21% annual growth in ) 75+ patent infringement cases in High Courts At least 2 patent litigations in Supreme Court IP is becoming an important business strategy for Indian companies. Three fold increase in the number of patent applications filed at the Indian Patent Office (IPO) during the last six years 20% annual growth in granted patents in ~ 80% patent applications belong to foreign residents in

27 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Global and Indian Patent Successes

28 Presentation Plan Introduction to Intellectual Property (IP)
Patent Protection Basics Common Patent Myths Recent Patent Trends Monetization and Enforcement of Patents - Case Studies of Global and Indian Patent Successes

29 Sell or Assign to a patent troll
Patent Monetization Ways of Monetization Patent or Assign to a company Sell License Sell or Assign to a patent troll Litigate and Enforce Damages Or

30 Patent Power Foreign Stories Polaroid Vs. KODAK - Instant Camera Story
Polaroid inventor of instant camera : broad patents obtained in 60’s K started developing own technology to beat P’s patents & introduced their version of the instant camera P sued K. for infringement of 12 patents - won the suit and awarded more than US$ 1 Billion drove K out of instant picture business for 15 years! Kodak Vs. Fuji - Single Use Camera Story K prepared broad patent base in US though Fuji was first in the technology K established dominant business in US Fuji’s late entry compelled it to compete with 28 others!!

31 Texas Instruments Story
Patent Power Texas Instruments Story leading manufacturer of patented transistor in 50’s 70’s & 80’s: lost market to Japanese copy cat products Texas regains ground in late 80’s by aggressive patenting strategy Forcing licensing on Japanese - and earning billions in royalties!! IBM Story Created a subsidiary company IBM Intellectual Property Licensing in 1990s earns more than $ 1 B per year from royalties > 30 % of net profits!!!!

32 Patent Power Indian Stories
In 2007, Bajaj sued TVS for allegedly infringing Bajaj’s Digital Twin Spark Ignition Technology Madras High Court initially grants an interim injunction but later vacated by Supreme Court The injunction for an year TVS Motors incurred a production and sales loss of ` 1 Billion (~ USD 23 Million) in litigation, loss of goodwill and decline of share value Ahmadabad based Troikaa Pharma has reportedly spent `3 Crores on obtaining on patent protection on its ‘Dynapar AQ’, a diclofenac or painkiller injection The company has already sealed licensing deals in Australia and has entered into licensing negotiations in Europe

33 Protecting your Intellectual Property (IP)
Session Title Protecting your Intellectual Property (IP)


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