Recently, Merck, also known as MSD, has entered into licensing agreements with five Indian generics drug manufacturers to manufacture and supply oral Covid-19 drug Molnupiravir. MSD India is a wholly-owned subsidiary of Merck Sharp & Dohme (MSD) and is known…
An inventor is allotted with the patent right in exchange for disclosing its invention. Apart from the inventor of that patent, the public is being benefited most. Therefore it must be taken into consideration that the invention is made surely…
Recently, the Delhi High Court decided on a patent infringement suit filed by Interdigital Technology Corporation (“InterDigital"), a US-based mobile and video Research & Development company, against Xiaomi Corporation (“Xiaomi”), a China-based internet and telecommunication company. An interesting aspect that…
Under the pre-2004 provisions of the Patents Act, section 55 of the Patents Act provided that an application may be made to court for the grant of a license after 3 years from the date of the grant of a…
Intellectual property is the creative work of human intellect. The primary motivation to protect these ‘knowledge goods’ is promotion of innovation and creativity by striking a balance between protecting the inventor or creator’s rights and fostering follow-on or cumulative developments.…
Introduction Patent legislation in Sri Lanka can be traced to the earlier years of this century. As pointed out by T.A. Blanco White "the basic theory of the patent system is simple and reasonable. It is desirable in the public…
Abstract Trademark is a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others. Trademarks licensing is an agreement through which the Trademark owner permits…
Intellectual property rights (IPR) have come to be a crucial asset in improving businesses in today’s global economy. They’re pivotal with regard to the success of small and medium-sized enterprises (SME) by way of providing a safeguard to their innovations…
INTRODUCTION The royalty agreement of patent means that a person having the patented products is ready to delegate his exclusive rights to some extent in the form of license to a person who shall be known as a licensee who…
Trademark licensing is a process through which a registered trademark owner (licensor or proprietor), allows another party, called a licensee, to make or distribute or do both for specific products or services under the licensor's trademark agreement. The licensor receives…