All aspects of a business can be included in a commercial contract, including hiring, wages, leases, loans, and employee safety. When a contracting party fails to fulfill its obligations, there is a breach of commercial contract.
Agreements relating to intellectual property include agreements relating to the sale or purchase of intellectual property, to the licensing of intellectual property to third parties, to agreements relating to non-disclosure and confidentiality, and to agreements relating to research and development.
To achieve success, you must enter into robust commercial contracts, regardless of your industry. Your E-Commerce company needs to be careful when developing and protecting its intellectual property. Contracts and intellectual property go hand in hand. Every contract that your company signs is important, and each must be reviewed to ensure that you are maximizing your IP assets and are not damaging them. As a result, IP rights can be sold, licensed, or even given away through contracts. It is possible to incur unnecessary expenses and litigation as a result of a bad contract.
It is not necessary for the contracts to be long or overly formal. It is important, however, that they are clear and contain the appropriate language regarding intellectual property rights. In this area, it is important to obtain legal advice from an experienced attorney. A legal advisor can often provide you with a set of forms that can be used as a starting point in a variety of IP-related situations. Even if it seems simple, it’s always good to check with your lawyer before signing a legally binding IP agreement.
The plaintiff, in this case, is Toyota Jidosha Kabushiki Kaisha and they seek to prevent the defendant, a spare parts supplier by the name M/S Prius Auto Industries Limited, from the usage of the trademarks- “Toyota”, “Innova”, and “Prius”. According to the finding of the court, two of the three trademarks mentioned, namely Toyota and […]
Intellectual property rights create a situation in which the inventor or the creator enjoys full ownership and rights to commercial exploitation of his creation while everyone else is excluded. The justification is that such a creation, if it has material value, must benefit the creator while preventing others who would otherwise commercially exploit the concept […]
WIPO defines copyright as the right of creators to ownership of their creations and to make use for commercial or other purposes. Copyright today covers literary creations, printed material, computer programs, data, audiovisual media, dance, paintings and drawings, photographs, sculpture, architecture, ad material, technical drawings and others that are the outcome of intellectual effort. From […]