There are a wide variety of possible properties, including names, likenesses, logos, graphics, signatures, and characters.
With an increasing number of international brands planning to cater to India through licensing, the concept of licensing is fast becoming more widely accepted.
In India, there are licensing opportunities in all sectors. Manufacturers in the apparel, consumer goods, toys, gifts, accessories, and sports sectors are interested in taking licenses. Licensees are allowed to keep all profits earned through the use of licensed items. To compensate the licensor for the continued use of their items, he or she receives a royalty out of the profits.
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 […]