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Legal issues for an entrerpreneur

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2009

Published in: Business
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Legal issues for an entrerpreneur

  1. 1. Legal issues for an Entrepreneur
  2. 2. What are the Legal issues for an Entrepreneur?????? <ul><li>Legal issues in setting up an Organization??? </li></ul><ul><li>Name the occasions????? </li></ul>
  3. 3. <ul><li>Intellectual property – Includes patents, trademarks, copyrights and trade secrets – </li></ul><ul><li>Patents - Types of patents - Utility, Design and Plant patents </li></ul><ul><li>The grant of patents in India is governed by – </li></ul><ul><li>The patents act 1970 as amended by patents (amendment) act 2002 </li></ul><ul><li>Patent rules 1972 as amended by the patents (amendment) rules 2002 </li></ul><ul><li>International patents – The patents Co-operation treaty (PCT) </li></ul>
  4. 4. Procedure for Grant of patents <ul><li>Filing an application for a patent </li></ul><ul><li>Examination of the application </li></ul><ul><li>Acceptance of the application and advertisement of such acceptance in the official gazette </li></ul><ul><li>Opposition for grant of patent </li></ul><ul><li>Grant and sealing of patents </li></ul>
  5. 5. Patent Infringement <ul><li>If the invention is used by any other person without a licence from the patentee, it constitutes infringement </li></ul><ul><li>Thus infringement means the interference with, or the violation or misuse of the exclusive right of the patentee </li></ul><ul><li>The remedy for infringement is an injunction from the court </li></ul>
  6. 6. Penalties <ul><li>Contravention of secrecy relating to inventions relevant for defense purposes – 2 years or fine or both </li></ul><ul><li>Falsification of entries in register – 2 years or fine or both </li></ul><ul><li>Unauthorized claim of patent rights – fine upto 10,000 </li></ul><ul><li>Unauthorized use of words – fine upto 10,000 </li></ul><ul><li>Refusal or failure to provide information to central govt – imprisonment upto 6 months </li></ul><ul><li>Practicing by non-registered patent agent – 10,000 for first offence, 40,000 for subsequent offences </li></ul><ul><li>In case of offences by companies – the person responsible for the conduct of business shall be punished </li></ul>
  7. 7. Business Methods patent <ul><li>Trade marks </li></ul><ul><li>Copy rights </li></ul><ul><li>Trade secrets </li></ul><ul><li>Licensing </li></ul><ul><li>Product safety and Liability </li></ul><ul><li>Insurance </li></ul><ul><li>Contracts </li></ul>
  8. 8. Conclusion <ul><li>An Entrepreneur may need not be a legal luminary to set up a venture, but he/she has to have the necessary knowledge to manage a firm. </li></ul><ul><li>Knowledge of laws such as Law of Contract, sale of goods, Patents Act, Consumer Protection and a host of Labour laws will come handy. </li></ul><ul><li>Working closely with a lawyer may help the entrepreneur wriggle out certain contentious issues pertaining to the firm. </li></ul>

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