Key Laws and Regulations
Intellectual property rights in India are governed by several key legislations. The Trade Marks Act, 1999 regulates the registration and protection of trademarks, ensuring brand identity and consumer trust. The Patents Act, 1970, amended in 2005, provides a framework for patenting inventions and innovations, granting exclusive rights to inventors. The Copyright Act, 1957 protects original literary, dramatic, musical, and artistic works, safeguarding the rights of creators and authors.
As the name suggests it is all about, Valuing of Intellectual Property (IP) which involves Monetising various forms such as patented inventions or to register an identity for a Labelled image. Most importantly, that valuation is important for any number of business activities including mergers and acquisitions, licensing agreements, financial reporting or litigation. Valuation of Intellectual Property (IP) assets is crucial for discerning their part in the full value of an enterprise. It enables businesses to understand how valuable their IP is, and can therefore be used in asset management decisions or investment strategy meetings even when pursuing legal protection. It is also an important part of finding mortgages, closing deals and settling arguments.