IP strategies also help in protecting IP rights and provide incentives and rewards to innovators. The implication of different approaches helps the organization to use resources in the correct and best way under control.
Companies follow a series of steps that help them to secure their inventions and their position in the market of technology in which they perform. This series of steps is known as a patent strategy. Patent strategy requires a preventive analysis of the state of existing art, and it also helps identify risks and opportunities. It is correlated to the PLCM strategy, which refers to Platform Life – Cycle Management. The platform is an integrated system that is required to design, develop, and supply products. PLCM strategy includes management of platform, development, and improvement of platform, and product end–of–life (EOL) management.
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Participating on the part of these farmers, the Cypriot ministry first obtained Trademark Protection for ‘Halloumi’ from the UK Intellectual Property Office in 1990.
Cypriot farmers have recently won back the exclusive right to sell their cheese products as ‘Halloumi’ in the UK after re-securing the trademark it lost in 2018.
Participating on the part of these farmers, the Cypriot ministry first obtained Trademark Protection for ‘Halloumi’ from the UK Intellectual Property Office in 1990. However, in association with a legal challenge brought by the UK-based cheese producers, the trademark had been revoked in the year 2018. The verdict was a result of an administrative error as the Cypriot ministry failed to respond to the legal requests within the asked time frame. Nevertheless, now the ministry has secured the protection again.
According to a Patent and Trademark Attorney, this significant win for the Cypriot farmers means that they have regained an exclusive right to use the mark ‘Halloumi’ while selling their cheese product in the UK. Because of the growing market for this product in the UK, this is expected to prove profitable for them. However, the farmers are unlikely to limit themselves there. They have already filed a Trademark Application for achieving ‘protected food name’ status to the European Commission, and if successful, their application would bring permanent protection. But as it’s likely to take some time, trademark protection in the UK will be beneficial to them in the meantime.
The attorney said that the food and drink producers in the UK might not be aware that they are allowed to apply for ‘protected food name’ status to secure protection for products with unique characteristics that can be linked to a specific geographical location or specified product. The attorney continued that this Trademark Registration certification would affect those who are producing cheese products. It is so because they could not label the product as ‘Halloumi’ unless it meets the certification mark requirements. Hence, restaurants should take care of not to define something as ‘Halloumi’ wrongly.
The attorney further added that if there’s no food name protection in place, and the misuse isn’t spotted as soon as possible, the use of the name or product could become generic. As a consequence, it would lose its eligibility for protected status. For example – ‘Cheddar’ is a name that has now become generic, and thus, no longer capable of obtaining such protection.
The Protected Food Name scheme, which was established by the UK government in 1993, is helpful for producers who want to use a geographical place name as part of their product’s brand identity for preventing others from marketing their items under the same name.
Since a large number of products have achieved the ‘protected food name’ status, there is no reason why Halloumi producers should not look for the same. Still, the application by these producers has been affected by many delays. Nonetheless, now it has gained the approval, meaning that the producers have re-secured ‘Halloumi’ trademark protection in the UK.
✅ For more visit: https://www.trademarkmaldives.com
UK chip designer Imagination Technologies Group has recently revealed that it's struck a new license agreement with Apple Inc., an American Multinational Technology Company, reviewing a business relationship that had all but ended in recent years.
UK chip designer Imagination Technologies Group has recently revealed that it's struck a new license agreement with Apple Inc., an American Multinational Technology Company, reviewing a business relationship that had all but ended in recent years.
The company that was sold for 500 million pounds to Chinese buyout firm - Canyon Bridge Capital Partners - in September 2017, said that it formed a new multi-year license agreement in which Apple, the iPhone maker has access to a wide range of Imagination’s Intellectual Property (IP) in exchange for license fees.
In the beginning, Apple tended to use either graphics chips or GPUs (Graphics Processing Units) in its iPhones and iPads that were designed by using IPs of Imagination Technologies. However, later it moved to its own internal chip designs starting with iPhone X in 2017 and the iPad Pro in 2018. Besides these models, the US Company used its own graphics processors in Apple watches as well. Then in 2017, the company told Imagination Technologies that it would stop using their IP in new products within a small period of two years.
When it comes to Imagination Technologies, then a public company, proclaimed the loss of Apple as its biggest customer, its stock plummeted. The British company in 2018 said that there could be 'material uncertainty' regarding its future if Apple doesn't pay royalties on the largest generation of iPhones and iPads.
As per several reports observed till now, it is unclear whether or not Apple has paid the fees to Imagination Technologies. However, the British company argued that it would be very challenging for Apple to design GPUs in a way that enables the American company not to pay royalties to Imagination Technologies.
If we talk about Apple, the iPhone maker often uses a combination of supplier deals and acquisitions for building up its portfolio of patents and designs. For instance, last year also, it acquired Intel Corporation’s modem unit to design cellular chips for its future devices.
Although none of the two companies specified which IP the new agreement covers, it may possibly be related to either Artificial Intelligence (AI) or graphics, two main IPs of Imagination Technologies.
Though the IP covered in the latest agreement between the two companies has not been disclosed so far, yet it is expected that the Imagination's IPs, which are associated with AI and graphics, could be a key to the future Apple devices. For more visit: https://www.trademarkmaldives.com
The 5th edition of CII's (Confederation of Indian Industry) flagship annual Intellectual Property (IP) conference focused on creating IP-led technology for a $5 trillion economy has recently released a report showing global examples to represent the virtues of using IP as collateral for financing.
The 5th edition of CII’s (Confederation of Indian Industry) flagship annual Intellectual Property (IP) conference focused on creating IP-led technology for a $5 trillion economy has recently released a report showing global examples to represent the virtues of using IP as collateral for financing.
Visualized by CII and co-created by Duff & Phelps, the report said that being the third-largest economy for start-ups in the IP industry, including technology and pharmaceuticals, India is standing at the verge of IP revolution. Although the government initiatives like the release of the National IPR Policy in 2016 to spur interest in Intellectual Property Rights (IPRs) commercialization have been institutionalized, India’s IP financing process is still quite slow.
What are the reasons for the slow pace of IP financing In India? As the report said, unwillingness to treat IP as a business asset, challenges in IP licensing, lack of uniformity in the valuation of IPs, insufficient market, and legal infrastructure to monetize IP assets are some of the main reasons for the slow pace of IP financing in the country.
What is IP-backed financing? IP-backed financing refers to the approach of using IP assets to achieve access to credit. Nowadays, more and more MNCs (Multinational Corporations) and SMEs (Small and Medium Sized Enterprises) are selling their IP assets in exchange for finance. Besides, lending institutions worldwide are considering IP as collateral while extending loans. In general, IP assets are used to secure asset-based loans. However, if collateralized, then they can be used to increase the available credit. Note that in the cases where borrowers guarantee their IP, no matter patents, trademarks, or copyright, as collateral, the collateral pool upsurges in value and potential for a successful loan. In simple words, with ideas and innovations emerging as the key driver of the businesses, financing base that supports the IP’s commercialization is remarkably crucial.
Mr.Arvind Thakur, Chairman, CII National Committee on Intellectual Property & Senior Advisor to the Board, NIIT Technologies, while commenting on the report, said that using IP as collateral will help the industries and banks to develop a good understanding of the subject matter and gain profits.
He continued by saying that according to CII’s belief, IPRs should be at the central stage for competing in the world of Artificial Intelligence (AI) in a meaningful way. Moreover, it is expected that this would open new scopes of financing in India.
Following Mr.Arvind, Aviral Jain, Managing Director Valuation Advisory Services and Co-Head, Restructuring, Duff & Phelps, said that the nation needs to have a mechanism for obtaining financial support and a robust marketplace. India can take lessons from IP friendly nations such as Korea and Singapore that have taken steps to create an IP financing ecosystem. The schemes introduced to flourish the IP sector in these countries benefit SMEs, Start-ups, and even lending institutions.
Other Key Findings of this Recently Launched Report Are As Follows:
When the regulatory environment is emerging globally, and initiatives to give impetus to IP-based financing are underway, economies like Singapore display a sophisticated regulatory environment and a robust infrastructure for IP financing.
Over the past five years, IP financing transactions in areas where IP is used as collateral have declined globally.
There’s an increase in global PE (private equity) funds that are not just investing in IP-based companies but also helping to protect IP in certain situations. For more visit: https://www.trademarkmaldives.com
On December 4, CII Industrial Intellectual Property Awards 2019 were conferred on 11 companies for the best portfolios in Trademarks, Designs, and Patents.
On December 4, CII Industrial Intellectual Property Awards 2019 were conferred on 11 companies for the best portfolios in Trademarks, Designs, and Patents. The awards were given at the Fifth International Intellectual Property Right (IPR) Conference, organized jointly by CII (Confederation of Indian Industry), Intellectual Property Office India, and the Department for Promotion of Industry and Internal Trade (DPDT). The theme of this conference was innovation and IP-led technology for a $5 Trillion Economy.
Recognized and awarded enterprises that have embraced Intellectual Property (IP) generation and protection to enhance their business and economic growth, the purpose of these awards is to:
· Bring achievements of companies in the public domain,
· Encourage firms to reinforce the culture of IP and its commercialization,
· Set up links with research institutions and academic in India and abroad,
· Inform the government about IP-driven companies and engage them in policy-making exercises.
Each award included a trophy and a certificate. Moreover, the selection of awardees was made by an eminent jury chaired by the former Director-General of CSIR (Council of Scientific and Industrial Research), Dr.Raghunath Anant Mashelkar.
Dr.Mashelkar, while speaking at the award ceremony, stressed upon the requirement to bring as more as possible companies within the framework of this exercise so that there would be a remarkable awareness of the profits of creating and using IP. He said that just creating IP is not sufficient, and thus, there is a need to explore its commercialization as well. The creation of IP in the form of new products or services without any tangible benefits is not of much use, he added.
Winners of 2019’s CII Industrial IP Awards include companies like Tata Consultancy Services (TCS), Godrej & Boyce, and others that are at the forefront of IP creation and commercialization.
Under the Start-ups category, there were five awards – three in life science and two in engineering. SigTuple, this time winner of the best patents portfolio award under the start-ups engineering group, had won this award in 2018 also. However, City Explorers – the achiever of the best trademark award under this category had made its debut in 2019. Similarly, Shashvi Remedies that fall in the life science category had won the award for the first time. Prantae Solutions had won both trademark and design awards under the Start-ups life science category. It was a winner in 2018 also.
In the small enterprise category, the jury awarded only one company in life science – Chemical Resources – for its patents portfolio. The company had won the award for the first time. Among small enterprises, no one was selected for trademark and design award, neither in life science and nor in engineering.
Among the medium enterprises, one award each in engineering and life science was awarded. RDL Technologies, which received the award for its patents portfolio in engineering, was the first-time winner, whereas Vyome Therapeutics in life science had got this award in last year’s award ceremony also.
The large companies segment saw six awards going to TCS, Godrej & Boyce, UPL, and more. TCS won the best patent award for the fourth time. Godrej & Boyce won the awards for its trademark and design. UPL was awarded for its two portfolios – trademarks and patents – in the life science category. For more visit: https://www.kashishipr.com/
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Over the weekend, Facebook (FB) banned a British election ad from the Conservative Party after the BBC (British Broadcasting Corporation) complained that the footage distorted its journalism.
Over the weekend, Facebook (FB) banned a British election ad from the Conservative Party after the BBC (British Broadcasting Corporation) complained that the footage distorted its journalism.
However, it was just for business reasons that had nothing to do with freedom of speech – Intellectual property Rights.
The BBC complained that the fifteen seconds ad in question includes a video from the Conservative Party that used news clips from it and could damage the perceptions of its impartiality.
CNN business, a financial information and news website, reported that the ad in question showed clips of BBC journalists saying things such as ‘pointless delay to Brexit’ beside a montage of protest footage and discussions in parliament, set to dramatic music. But, the clips were from journalists quoting statements of politicians, including Prime Minister Boris Johnson, who is going to campaign in the December 12 election with the slogan ‘get Brexit done.’
According to Facebook’s ad library, the ad started on 28th November 2019 had been viewed around 430,000 times for a cost of about $12,930 till December 1 when it was replaced with the below message provided in the library:
“This ad was taken down as it goes against Facebook’s Intellectual Property (IP) policies.”
The BBC said that they first asked the Conservative Party to take the ad down, but the party declined. Hence, they approached FB, which banned it.
Facebook said that it was a valid IP claim from the rights holder, i.e., the BBC, as the Conservative Party had used its footage without permission.
Facebook’s spokesperson added that whenever they receive valid IP claims against any content on their platform, whether in advertisements or elsewhere, they take the required action according to their policies.
As per Facebook’s advertising policies, ads must never contain content that violates or infringes on the rights of others, including copyright, trademark, and other personal or proprietary rights.
Well, the social media giant’s policy on the election or political ads has received severe criticism worldwide. The United Kingdom (UK) imposes rules on how broadcasters can report on political biases, especially around elections. As newspapers hold the freedom to impart politics, broadcasters should be impartial. Since the BBC is publicly funded, it often faces intense scrutiny.
The analysis prompted Twitter to announce that it would limit political ads in the upcoming month.
Facebook, rather than addressing the BBC’s claim that its materials had been used misleadingly, stuck to the legal arguments.
If we talk about the Conservative Party, it did not respond to CNN’s request for comment but announced that all political parties use BBC’s content. The Party added that it would ask the BBC if they, in the interests of fairness, intend to complain against other political parties that are using their content. For more visit: https://www.kashishipr.com/
