Questions Answers: Patent Law pdf download

Reason R : A trademark is a recognizable sign, design or expression which identifies products or services of a particular source from those of others. A trademark registration gives exclusive proprietary rights to the trademark owner. It is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others, and are used to claim exclusive proprietary rights of products or services.

A patent is an exclusive right granted for the protection of an invention. The patent provides its owner the exclusive right over the exploitation of the invention for a limited period of time in return for disclosing the invention to the public. Hence Option3 is not a correct option. Statement I : Intellectual Property IP is a category of property that includes intangible creations of the human intellect.

Statement I: Intellectual Property IP is a category of property that includes intangible creations of the human intellect. Intellectual property can consist of many types of intangibles, and some of the most common are listed below:.

Intellectual property rights. Uruguay Round Agreements. The Uruguay Round officially commenced in , the agreement was provisionally concluded in December and formally signed in Marrakesh, Morocco in April A major stumbling block that delayed the conclusion of the Round had been the dispute between the United States and European Union over agricultural subsidies.

Another difficulty was the number of trade issues and products that were covered in the Uruguay Round negotiations. The broad product coverage of the Uruguay Round negotiations included industrial products, agricultural products, and services, with separate agreements concluded for each grouping and for specific products in each group.

The treatment of trade in services and intellectual property had not in fact been covered by GATT prior to the Uruguay Round. The key features of the Uruguay Round Final Settlement are:. Doha Ministerial Conference. World Bank Policy Research Report. Intellectual property IP is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others.

The most well-known types are copyrights, patents, trademarks, and trade secrets. Copyright refers to the legal right of the owner of intellectual property. In simpler terms, copyright is the right to copy.

This means that the original creators of products and anyone they give authorization to are the only ones with the exclusive right to reproduce the work. Industrial design ID is the professional service of creating and developing concepts and specifications that optimize the function, value, and appearance of products and systems for the mutual benefit of both user and manufacturer.

A layout - design of an integrated circuit refers essentially to the three-dimensional character of the elements and interconnections of an integrated circuit. An integrated circuit IC is an electronic circuit in which the elements of the circuit are integrated into a medium, and which functions as a unit. Start Learning. Social value Moral value Commercial value Ethical value.

The valuation of IP is therefore essential in the framework of commercial transactions. Unfortunately, this aspect is often overlooked by businesses not experienced with these types of deals resulting in transactions that are either overvalued or undervalued and therefore unprofitable or sometimes disastrous situations leading to bankruptcy It is therefore essential to analyze and assess the value of the intellectual property during the negotiation process , before the conclusion of the commercial transaction A brand is generally subject to trademark protection.

Get Started for Free Download App. Patents Copyrights Trademarks All of the above. The correct answer is All of the above. IPR is a general term covering patents, copyright, trademark, industrial designs, geographical indications, protection of layout design of integrated circuits. Some examples include brand names, slogans, and logos. The term "trademark" is often used in a general sense to refer to both trademarks and service marks.

Trademarks are generally considered a form of intellectual property and may or may not be registered. Both A and R are true and R is the correct explanation of A. A patent is a legal protection granted for an invention that is new, non-obvious and useful. The patent grants the patent holder the exclusive right to make use or sell the patented products or process. The exclusive purpose of the patent system is to benefit the patent holder.

The Indian Patent Act, , was amended and made effective from January 1, Answer Detailed Solution Below Option 3 : The exclusive purpose of the patent system is to benefit the patent holder. Every country will have a law governing Patents and grants such licenses based on applications received from an inventor. The patent holder is provided with the right to manufacture, use, sell, and distribute the patented product. In case the invention is a process of production, the owner of the patent has the right to direct the procedure to the other person who has been authorized by the patentee.

Question: Statements: Some poor are honest. Some honest are sharp. Some poor being sharp or honest is a possibility.

At least some poor will be sharp. Question: Statements: All shares are debentures. No debenture is an equity. At least some equities are not share. That an equity is a share is a possibility. Directions for next 5 questions : In each of the questions below four sentences are given which are denoted by A, B, C and D. By using all four sentences, frame a meaningful para.

Choose answer from the five alternatives given and the correct order of the sentences is your answer. B Future credit may get customised. D EMIs will now be fixed according to your affordability. Question: A The Tax Return Prepares Scheme has been introduced recently to help individuals file their income tax returns. B According to this scheme, certain tax return prepares will be specially trained. C The aim is to ease the process of filing returns and reduce the cost for tax payers.

D However, individuals should carefully examine this service and its likely benefits. Question: A There is nothing more soothing to the mind, body and soul than being on the beach front. C A little bit of business can also be thrown in such a setting.

Question: A The financial markets in the country have provided a wide array of such instruments. B Doing business is all about managing risk. C The profit and loss account is a reflection of the risk that is dexterously handled by CFOs. D Which have been seized with alacrity by the industry. Question: What is the maximum strength of members of the House of the People chosen by direct election under the Constitution of India?

Directions for next 6 questions : Study the following information carefully and answer the questions given below: A, B, C, D, E, F, G, H and J are sitting around a circle facing the centre.

C is third to the left of A. E is fourth to the right of A.