A commercial contract is a legally binding agreement between two parties, in which one party is obligated to do something and the other is restricted from doing something.

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.

January 2023
Delhi High Court sets aside registration of ‘Swiss Military’ trademark by private company
The Delhi High Court has set aside the registration of ‘Swiss Military’ and the logo by a private company called Promoshirts SM. The HC has held that a red cross with white background and the words ‘Swiss Military’ serve as a source identifier for the goods of Swiss Origin for the public.
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January 2023
Return of iconic Yezdi motorcycle hits legal hurdle, Karnataka HC cancels trademark acquisition by heir of original maker
The return of ‘Yezdi’, an iconic Indian motorcycle from the 1970s, has suffered a legal setback with the Karnataka High Court ruling as illegal the acquisition of the ‘Yezdi’ trademark by a member of the family of the original owners — Ideal Jawa (India) Pvt Ltd — which went into liquidation two decades ago.
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December 2022
India to seek IPR waiver for green energy tech at G20
India is planning to push for a waiver of intellectual property rights (IPR) for technologies related to green energy and energy transition in a bid to bridge the technology gap across G20 countries, two officials aware of the matter said. India took over presidency of the grouping earlier this month.
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