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Business Law Assignment

This document provides information about two types of intellectual property rights: copyright and patents. For copyright, examples given include the Coca-Cola logo and literary/artistic works. Rights granted include reproduction, distribution, and derivatives. Copyright duration varies by jurisdiction and type of work. For patents, examples include Apple's slide to unlock feature. Rights granted include exclusive use, licensing, and enforcement. The patent process involves application and examination. Patent duration is typically 20 years. In both cases, intellectual property rights provide legal protections that encourage innovation and creativity.

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0% found this document useful (0 votes)
46 views9 pages

Business Law Assignment

This document provides information about two types of intellectual property rights: copyright and patents. For copyright, examples given include the Coca-Cola logo and literary/artistic works. Rights granted include reproduction, distribution, and derivatives. Copyright duration varies by jurisdiction and type of work. For patents, examples include Apple's slide to unlock feature. Rights granted include exclusive use, licensing, and enforcement. The patent process involves application and examination. Patent duration is typically 20 years. In both cases, intellectual property rights provide legal protections that encourage innovation and creativity.

Uploaded by

nirali katira
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Q.2.

Please explain any two (2) type of intellectual property rights and
provide an example of each of the intellectual property right. Kindly note
that the examples should be real life cases

Intellectual Property Rights (IPR) refer to legal rights that are granted to
individuals or entities for their creations or inventions. These rights enable
creators and inventors to control the use, distribution, and exploitation of their
intellectual creations, providing them with incentives to invest time, resources,
and effort into innovation and creativity. Intellectual property encompasses a
wide range of intangible assets and ideas, and IPR laws aim to balance the
interests of creators, innovators, and the public.

There are several types of intellectual property rights, each protecting different
types of creations or inventions:
1. Copyright
Copyright is a form of intellectual property protection granted to the
creators of original works of authorship fixed in a tangible medium of
expression . It provides creators with a bundle of exclusive rights to
control how their creations are used and distributed. This protection
incentivizes creativity by allowing creators to benefit from their works
and ensures that others cannot exploit their creations without permission.
Here's a more detailed breakdown of copyright:

Eligible Works:
Copyright protects a wide range of creative and artistic works, including:
Literary Works: Books, articles, poems, essays, and other written content.
Music: Compositions, lyrics, sheet music, and musical recordings.
Visual Arts: Paintings, sculptures, photographs, illustrations, and graphic
designs.
Performing Arts: Plays, scripts, choreography, dance performances, and
theatrical works.
Audiovisual Works: Movies, TV shows, documentaries, and videos.
Software: Computer programs and code.
Rights Granted:
Copyright grants creators exclusive rights, which typically include the right to:

Reproduction: The right to make copies of the work.


Distribution: The right to distribute copies of the work to the public.
Public Performance: The right to perform the work publicly, such as in a play or
musical performance.
Public Display: The right to display the work publicly, such as in an art gallery.
Derivative Works: The right to create adaptations, translations, or other works
based on the original.
Digital Transmission: The right to transmit the work digitally over the internet
or other networks.

Duration of Copyright:
Copyright protection is not perpetual; it has a limited duration. The duration
varies depending on factors such as the type of work, the jurisdiction, and when
the work was created. In many countries, copyright protection lasts for the
lifetime of the creator plus a certain number of years (often 50 to 70 years) after
their death. For works created by multiple authors, the duration is typically
calculated based on the life of the last surviving author.

Copyright Registration:
In most jurisdictions, copyright protection is automatic as soon as a qualifying
work is created and fixed in a tangible medium. However, some countries offer
the option to register works with a copyright office, which provides additional
legal benefits, such as the ability to sue for statutory damages and attorney's fees
in case of infringement.

Fair Use and Exceptions:


Many copyright laws include provisions for "fair use" or "fair dealing," which
allow limited use of copyrighted material without the creator's permission for
purposes such as criticism, commentary, news reporting, education, and
research. These exceptions balance the rights of creators with the public's
interest in accessing and using creative works for various purposes.

Example:
 One of the most recognizable trademarks in the world is the Coca-Cola
logo. The unique script font and distinctive design have become
synonymous with the Coca-Cola brand. The logo is used on various
products, including the iconic soda beverage. The Coca-Cola Company
has successfully protected and defended its trademark against
infringement, ensuring that only authorized products bear the logo.

2. Patent
A patent is a form of intellectual property protection granted to inventors
for new and useful inventions or processes. It provides the inventor with
exclusive rights to make, use, sell, and license their invention for a
limited period, typically around 20 years from the filing date of the patent
application. In exchange for these exclusive rights, the inventor must
publicly disclose the details of the invention, contributing to the
advancement of knowledge and promoting innovation.

Here's a more detailed overview of patents:

Eligible Inventions:
Patents can be granted for a wide range of inventions and processes,
including:

Utility Patents: These cover new and useful machines, processes, articles
of manufacture, and compositions of matter. Examples include new
technological devices, manufacturing processes, and chemical
compounds.

Design Patents: These protect the ornamental design or appearance of an


article of manufacture. They are focused on the visual aesthetics of a
product rather than its functional aspects. Examples include the unique
shape of a smartphone or the design of a chair.

Plant Patents: These are granted for new and distinct plant varieties that
have been asexually reproduced (for example, through cuttings or grafts)
and are not found in nature. This category is relevant to agricultural and
horticultural innovations.

Rights Granted:
A patent provides the inventor with exclusive rights to their invention,
which generally include:

Right to Make, Use, and Sell: The inventor has the sole right to
manufacture, use, and sell the patented invention for the duration of the
patent.

Right to License: The inventor can license others to use, make, and sell
the patented invention, either exclusively or non-exclusively.

Right to Enforce: The inventor has the right to take legal action against
anyone who infringes on the patent by making, using, or selling the
patented invention without permission.

Disclosure Requirement:
One of the key aspects of obtaining a patent is the requirement to provide
a clear and detailed description of the invention in the patent application.
This disclosure helps to add to the body of knowledge and allows others
to understand and build upon the invention after the patent expires.

Patent Application Process:


To obtain a patent, inventors need to file a patent application with the
relevant patent office. The application typically includes a detailed
description of the invention, drawings or diagrams, and claims that define
the scope of the invention's protection. The patent office examines the
application to determine if the invention meets the criteria for
patentability, including novelty, non-obviousness, and usefulness.

Limited Duration:
Patent protection is not indefinite; it has a finite duration. In most cases,
utility and plant patents are valid for around 20 years from the filing date,
while design patents are valid for around 15 years from the grant date.
Once the patent expires, the invention enters the public domain, allowing
others to use and build upon it without infringing on the patent holder's
rights.

Example:
One notable patent case involves Apple's "Slide to Unlock" feature on its
iPhone devices. Apple was granted a patent for this intuitive unlocking
mechanism, which involved swiping a finger across the screen to unlock
the device. In 2012, Apple sued Samsung for patent infringement,
claiming that certain Samsung smartphones copied the "Slide to Unlock"
functionality. The case highlighted the importance of patents in protecting
unique technological innovations and design elements.

Conclusion:
Apple's trademarked logo illustrates how trademarks help consumers
quickly identify products from a specific source and build brand loyalty.
The logo's recognizability has contributed significantly to Apple's success
and market dominance.

In conclusion, copyright and trademark are two critical types of


intellectual property rights that offer creators and businesses legal
protections for their creative works and brand identities. These rights not
only encourage innovation and creativity but also play a vital role in
promoting consumer trust and facilitating healthy competition in the
marketplace.

Q.3. Samiksha wants to start a new organization that will have chain
of pet salons in India. She is planning to start the organization all by
herself as the owner. She needs clarity on setting up of the
organization and has raised few queries. Kindly advise:

a. What are the different Unincorporated and Incorporated forms of


organization? Please explain each of them.

Unincorporated Forms of Organization:


An unincorporated organization refers to a type of business entity that has
not been granted a separate legal status from its owners or members. In
other words, it's a business structure where the business and its owners
are not considered separate entities in the eyes of the law. Unincorporated
organizations include sole proprietorships and partnerships.

Here's a bit more detail about unincorporated organizations:

a. Sole Proprietorship:

A sole proprietorship is the simplest form of business organization.


It is owned and operated by a single individual.
The owner has full control and responsibility for the business.
The owner's personal assets are not legally separate from the business's
assets, which means they are personally liable for business debts and
obligations.
Taxation is straightforward, as the business's profits and losses are
reported on the owner's personal tax return.

b. Partnership:

A partnership involves two or more individuals or entities (partners)


coming together to operate a business.
There are two main types: general partnerships (where all partners share
equal responsibility and liability) and limited partnerships (where there
are both general partners and limited partners, with different levels of
liability).
Partnerships have shared management responsibilities and profits/losses
are typically divided according to the partnership agreement.
Similar to sole proprietorships, personal liability extends to the partners'
personal assets.
Taxation is done through the partners' individual tax returns.

Incorporated Forms of Organization:


An incorporated organization refers to a business entity that has been
legally registered and recognized as a separate legal entity from its
owners or members. This legal separation provides several advantages,
including limited liability, perpetual existence, and enhanced access to
capital. The two main types of incorporated organizations are
corporations and limited liability companies (LLCs).

Here's more information about incorporated organizations:


a. Corporation:

A corporation is a legal entity that exists separately from its owners


(shareholders).
Shareholders have limited liability, meaning their personal assets are
generally not at risk for the corporation's debts.
Corporations have a more complex structure with shareholders, a board
of directors, and officers managing day-to-day operations.
Corporations can issue stock to raise capital and have continuity even if
shareholders change.
Taxation can be more complex, with corporations being subject to
corporate income tax. Shareholders also pay taxes on dividends they
receive.

b. Limited Liability Company (LLC):

An LLC combines aspects of corporations and partnerships.


Owners, known as members, have limited liability protection.
LLCs offer flexibility in management and taxation. They can be managed
by members or designated managers.
Profits and losses can be allocated differently from ownership
percentages, providing more flexibility in sharing the financial outcomes.
Taxation can be done as a pass-through entity (similar to partnerships) or
as a corporation, depending on the members' choice.

Conclusion:

The choice between unincorporated and incorporated forms of


organization depends on factors such as the nature of the business, its
size, risk level, and long-term goals. Unincorporated forms offer
simplicity but expose owners to greater personal liability. Incorporated
forms provide limited liability but come with more administrative and
regulatory requirements. Limited Liability Companies (LLCs) have
gained popularity due to their flexibility and protection for members. It's
important for entrepreneurs to carefully consider their circumstances,
consult legal and financial professionals, and select the form that aligns
best with their objectives and risk tolerance.
b. She intends to use “BuBri” as the name of the organization. She
wants to know how she can claim intellectual properties for the
name. Please explain the type of intellectual property/properties
that can be claim and procedure of registering it?

Samiksha's intention to start a chain of pet salons in India and use the
name "BuBri" is a great endeavour. To protect her brand and intellectual
property, she can consider trademark registration. A trademark is a form
of intellectual property that provides exclusive rights to use a specific
name, logo, or symbol in connection with goods or services.

1. Trademark Registration:
Type of Intellectual Property: Trademark
Procedure for Registering: Trademark registration involves the following
steps:
a. Trademark Search: Before applying for registration, it's important to
conduct a thorough search to ensure that the chosen name "BuBri" is not
already being used by someone else. This helps avoid potential conflicts
and objections during the registration process.
b. Filing the Application: Once the search is clear, Samiksha can file a
trademark application with the relevant authority. In India, trademark
registration is handled by the Controller General of Patents, Designs and
Trademarks (CGPDTM).
c. Application Review: The application will undergo examination by the
Trademark Office. They will review the application for compliance with
the relevant laws and check for any conflicts with existing trademarks.
d. Publication in Trademark Journal: If the application passes
examination, it will be published in the Trademark Journal. This is an
opportunity for anyone to oppose the registration if they believe it
conflicts with their rights.
e. Opposition Period: After publication, there's a specified period during
which third parties can file oppositions. If there are no valid oppositions,
the application proceeds.
f. Registration: If no oppositions are filed or if they are resolved in
Samiksha's favor, the trademark will be registered, and a certificate of
registration will be issued. This certificate provides legal protection for
the trademark.
Types of Trademarks:
 Word Mark: Protects only the word "BuBri" as written.
 Logo Mark: Protects a specific logo or design associated with the name.
 Combined Mark: Protects a combination of words and logos.
Duration of Protection:
Trademark protection typically lasts for 10 years in India and can be
renewed indefinitely as long as the mark is being used and renewal fees
are paid.
It's important for Samiksha to consult with a legal professional or a
trademark agent in India who can guide her through the registration
process, conduct the necessary searches, and ensure the application is
correctly filed.
Remember that intellectual property laws can be complex and vary from
country to country, so seeking professional advice is crucial to ensure
proper protection and compliance with regulations.

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