A First Taste of Law

A First Taste of Law

A FIRST TASTE OF LAW

This was once a blog intended for the law students and law school aspirants. Years have passed, the team has grown and we have decided to delve deeper into the basics: of human character, of the law and the society, and opportunities, which lead us straight to hacking and making life easier. Now, this is not a mere guide to law schools any more, rather we shall endeavour to write on matters that stimulate an intelligent brain, legal or not, and make one strive to hack the system.
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Geographical Indication Act,Geographical Indications Protections,Geographical Indications for Handicrafts

Geographical Indication Act,Geographical Indications Protections,Geographical Indications for Handicrafts


Introduction to Geographical Indication (GI)

GI is an important feature under the regime of Intellectual Property rights (IPR) that supports the weavers by giving them an exclusive right over their creative minds.




GI tag is an indication that authenticates the origin of a product to a particular region of India. The product needs to have a special characteristic related to the geographical climate or unique production technique that makes it distinct and provides it a differentiated identity among rest of them. This registration not only provides lawful security but also curbs illegal use of GI registered. It also helps the producers' prosperity and the exports are ascends. The registration is valid for 10 years after which the producers can again apply for registration. If it is not re-registered after every 10 years, it is removed from the list.

Geographical Indication Act was passed in December 1999 by the Parliament which came into force on 15th September, 2003, for the registration and protection of special goods of different geographical locations in India. GI is a recognized Intellectual Property PR under the World Trade Organization's (WTO) TRIPS agreement. The Controller of Patents and Trademarks is the governing body for Registrar of Geographical Indications which is located in Chennai. Till the end of March 2010, a total of 120 products have been registered under the GI Act, which include agricultural products, handicrafts, manufactured products and textiles. Whilst, Patents belong to individuals, the GI is a collective right of the community protected either by their group or state, helping art and artisans to survive.
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Amigo Blog by Anent: Global Imbalance by M.R Venkatesh, Economist

Amigo Blog by Anent: Global Imbalance by M.R Venkatesh, Economist

MR Venkatesh, One who is Economical Professor gave speech on globalisation.
It was an awesome description about dollar.
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Free Essays | Law Essays UK

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Business: Legal tips | TipsBase

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Law « Current GK Model papers previous Papers

Law « Current GK Model papers previous Papers

Free Online 2011 Exams in India Current GK Model papers previous Papers Rapidshare
Free Online Quiz For jobs and Competitions Free Download model Test Paper Sample Paper for KVS SAIL MTT BHEL UPSC IES IAS PO Clerical RRB PSC Hotel management MBA and other exams and Competitions India
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Completely FREE - 4500 Objective Questions on Core Topics for Civil Judge Exams

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Law Notes: Proposal and Acceptance (law 416)

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Intellectual Property: January 2010

Intellectual Property: January 2010


Intellectual Property Audit
Intellectual Property Audit - A "How to" Guide.

“If you don’t measure it, you can’t manage it”.

Perhaps the above-mentioned expression is the single most compelling reason for any company, particularly an SME, to conduct an intellectual property (IP) Audit. But what should be measured and how can we begin the process?

An IP Audit is defined as a systematic review of the IP assets owned, used or acquired by a business. Its purpose is to uncover under-utilized IP assets, to identify any threats to a company’s bottom line, and to enable business planners to devise informed strategies that will maintain and improve the company’s market position.

In many cases SME’s do not have the resources to conduct a full audit of all its IP and will find it difficult to put a value to each of the components making up an IP portfolio. Putting aside these difficulties, and at the risk of reducing the exercise to the “too-hard basket” it is important for every business to document and value what is, in many cases, its most important intangible assets.

An Example of an IP Audit

At the very least an IP Audit should identify just what IP assets are owned by a business and just how important those are to the firm. As an example, let’s take the mythical Company, Aglaia. Aglaia is an SME employing 50 staff and has both import and export potential for its patented tea-tree formulations and associated health products. The company has been reasonably successful but faces stiff competition in the niche “Natraceutical” market. The Company has a house brand and a number of product brands.

The first step in the Audit process is to identify the readily identifiable IP. Assets falling into this category will include any registered trademarks, copyrights, designs or patents owned by the business, any licenses to third parties and any licenses from third parties, including cross-licenses. Also included in this category are things such as in-house work manuals, databases, recipes, franchise agreements, publications and product/process know-how. Once identified the IP’s are then scrutinized to determine who owns them, whether they have not lapsed (remain registered) and enforceable and whether they are being effectively used. The Individual components are also given an importance rating – by looking at factors such as whether or not they are embodied to core technologies, the life expectancy of the underlying IP in the said technology and the potential or actual exclusivity of the technology.

The second step is to itemize what might be termed external or market influences. These will include the company brand, product brands, company and product get-up, goodwill, product certification, export certifications, regulatory approvals, distribution and raw material networks, client lists, and marketing and advertising programs.

In trying to estimate the value of any of these items, a good question to ask is how much will it cost to replace the item if it were lost, what is the expected income, e.g. in the next five years, that can be generated by the underlying IP assets and how is it being used. Several IP valuation methods can be used to establish the value of an underlying IP asset.

To conclude, an IP Audit makes sound business sense. Not only can an Audit identify company strengths and weaknesses, it is also an extremely useful tool that can be used to bring together all of the different departments within an organization. All departments have an interest in some shape or form as to how a product is made, what goes into the product, how it is packaged, marketed and the price at which it is placed on the shop shelf – and as stated at the beginning -
“if you don’t measure it, you can’t manage it”.
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Communication under Indian Contract Act and its effects | Contract Drafting Essentials

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How to address problems with banks? - Big Helpers Community

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Legalsutra | Law Students' Knowledge-Base – Law School Projects, moot court memorials, class and case notes and more! « Legal Research Made Easy!

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Law Khoj - Comprehensive Indian Legal Research

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