article thumbnail

The Implications of Intellectual Property Laws in the Tourism Industry

IP and Legal Filings

Intellectual property rights are statutory rights given to creators, inventors, and artists. The purpose of Intellectual Property Rights is to ensure that sufficient recognition is given to the creator’s work and skills, subsequently stimulating innovation and creativity in the country.

article thumbnail

Why is Market Research Important for Patent Protection?

Kashishipr

To be specific, market research performed before filing a Patent Application or after obtaining Patent Protection may help an inventor or innovator significantly in examining the business environment for his invention or innovation. It will also enable the applicant to examine the expansion opportunities in his industry or domain.

Marketing 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

All About Provisional Patent Applications

Kashishipr

Usually, the inventor is under constant fear of leakage of information relating to the invention as a certain disclosure has to be made to the manufacturer. It is for this reason that inventors prefer signing a binding Non-Disclosure Agreement (NDA). Why Should an Inventor File a Provisional Patent Application?

article thumbnail

Patent Search and its Types in India

Kashishipr

A patent refers to an exclusive right granted by the patent authority of a nation to the inventor or applicant of a unique invention. There are five types of patent searches that a patent applicant or inventor can perform, and they are as follows: 1) Freedom to Operate (FTO) Search. Types of Patent Search.

Patent 78
article thumbnail

Patent Assertion Entities: A Boon or a Bane?

Kashishipr

Patent trolls, as per this point of view, do well to the economy as well as to the inventor since litigation cost has the potential to leave the inventor bankrupt. Point of View 2: Patent Trolls do Hurt Innovation. It has been found that the decline in R&D expenditure is as much as -48% for a large firm and -19% for a small firm.

article thumbnail

Here’s What Businesses Need to Know About a Non-Disclosure Agreement

Kashishipr

For example, if a business company has a patented invention, the specific details of that invention may have to be disclosed to the venture capitalists or inventors who may be interested in investing or buying it.

Business 105
article thumbnail

Evergreening of Patents

Kashishipr

Patents are the most important way in which inventors can protect their inventions. In certain situations, inventors try and push for an extension of the protection period through the process of evergreening. Some governments and governing bodies have tried to curb such practices.

Patent 105