Wednesday, August 24, 2016

Fast-track Patent Registration in India

India wants to establish itself as a patent registration hub, such that the startups from anywhere can register here. Towards this end, the Government has implemented a lot of intellectual property related proposals laid out in the Startup India Action Plan (Read here). The proposals now have a concrete structure in the form of the Patent (Amendment) Rules, 2016. These Rules aim at lower costs and faster turnarounds. 
For the first time, the definition of startups has been introduced, taking the number of possible types of applicants to four – individuals, small entities, other than small entities, and startups. The Government is extending the benefits under the Startup Intellectual Property Protection (SIPP) scheme and the startups must satisfy the eligibility criteria.

Thursday, August 18, 2016

GST For Ecommerce: What It Means

The Goods and Services Tax is soon going to be a reality in India. While the Government is still finalizing the rate and fleshing out the details, here is a look at what GST means for ecommerce, one of the biggest startup sectors. The Draft Bill talks about two key players:

Monday, August 1, 2016

What is a Patent?

The Indian law for patents is enshrined in the Patents Act, 1970 as amended by the Patent (Amendment) Rules, 2016. So what is a patent? A patent is an exclusive monopoly given by the Government to an inventor over his creation (innovation) for a limited period of time. Innovation can be understood as a brand new item or process, which is ingenious and has commercial applicability. The ownership of a patent confers on the patentee the exclusive right to use, make or sell his/her creation for the term of the grant. Patent is a form of intellectual property and such rights are enforceable in the court of law.