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| I.P.R
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| 1.What is Intellectual
Property? |
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Property
born out of the intelligence, brain-power. The expression
"intellectual property" connotes a string
of rights available for the protection and exploitation
of technology, design, secret, etc. |
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| It
is characterized by certain rights as well as limitations
such as right to use and license and also limited
duration in the case of patents and copyrights. The
convention establishing World Intellectual Property
Organisation, 1967 provided that the intellectual
property shall include right pertaining to: |
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- Trade
marks, Service marks, Commercial Marks
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- Performances
of performing artists, phonograms and broadcasts.
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- Protection
against unfair competition and all other rights
resulting from intellectual activity in the industrial,
scientific, literary or artistic fields
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| Classified into seven
categories i.e: |
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- Trade
Marks & Service Marks, Commercial Marks.
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- Lay
out designs of integrated circuits
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- Protection
of undisclosed information/Trade Secret according
to TRIPs agreements.
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INTERNATIONAL
PATENT |
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The Patent
Cooperation Treaty (PCT) is an agreement for international
cooperation in the field of patents. It is, however,
largely a treaty for rationalization and cooperation
with regard to the filing, searching and examination
of patent applications and the dissemination of the
technical information contained therein. The PCT does
not provide for the grant of "international patents".
The task and responsibility for granting patents remain
exclusively in the hands of the Patent Offices of,
or acting for, the countries where protection is sough.
PCT is a special agreement under the Paris Convention
open only to states which are also party to the Paris
Convention. |
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Excise
duty waiver on “In House R & D Centre Products”
--- [IPR] |
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All
goods falling under the Schedule to the Central Excise
Tariff Act, 1985 are exempt from the excise duty for
a period of 3 years from the date of commencement
of commercial production provided such goods are manufactured
by a wholly owned Indian company and such goods are
designed and developed by such Indian company and
the good so designed are patented “In House R &
D Centres” in any two countries outside India. The
manufacturer, before commencing commercial production
must obtain a certificate from the Govt. of INDIA. |
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