Madras High Court Restrains Patanjali from Using the ‘Coronil’ Trademark

The controversial drug, Coronil (claimed as a cure for COVID-19), by yoga guru Ramdev’s Patanjali Ayurved Ltd, has quite recently received a blow, with the Madras High Court restraining the company from using the ‘Coronil’ trademark.

Justice CV Karthikeyan has passed the interim order valid till 30th July 2020 on the plea of Arudra Engineering Private Limited, a Chennai-based company claiming that it owns the ‘Coronil’ trademark since 1993. According to the company, which specializes in manufacturing chemicals and sanitizers for cleaning containment units and heavy pieces of machinery, it got the ‘Coronil-213 SPL’ and ‘Coronil-92B’ trademarks registered in 1993 and has been diligently filing all the Trademark Renewals since then. The company stated that its Trademark Rights are valid until 2027. While claiming that its products with the Registered Trademark own a global presence, the company mentioned that its clients include Indian Oil and BHEL. For substantiating its claim, the company also presented the sales bills of its products in the last five years.

The company said that the mark adopted by Patanjali for selling the drugs is identical to its registered trademarks in all aspects. The company further stated that although the products sold by Patanjali are different; however, the use of identical trademarks would still infringe upon its Intellectual Property Rights (IPRs). According to the company, permitting Patanjali to continue using the mark shall have a direct effect on its goodwill and reputation created over its registered trademark for even more than 26 years in both domestic and international markets.

After Patanjali came up with ‘Coronil,’ the Union AYUSH Ministry (the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy, abbreviated as AYUSH) had, on 1st July 2020, said that the company would be allowed to sell the drug only as an immunity booster and not as a cure for COVID-19.

Ramdev, on the other hand, had reacted to the criticism received on the efficacy of ‘Coronil,’ by saying that some people were hurt by the rise of indigenous medicine. For view source: https://www.kashishipr.com/blog/madras-high-court-restrains-patanjali-from-using-the-coronil-trademark/

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Understanding the Importance of Data Verification in an IP Strategy

When it comes to forming an Intellectual Property (IP) strategy, high-quality, accurate, and relevant data play an integral role. Without any second thoughts, the strength of every other IP asset depends highly on the accuracy of data obtained during the process of data verification. The process offers valuable information, which helps in identifying discrepancies, prioritizing patents, mitigating potential risks, and enabling the team members and managers to make strategic and well-informed decisions. So, let us now make ourselves familiar with a few considerations, which you need to keep in mind while including data verification in your overall IP strategy.

The Importance of Data Resources

The most crucial aspect of data verification is making sure that you have the right access to up-to-date and high-quality resources. It can indeed prove to be challenging for some businesses as the same requires access to various data sources, some of which may not be in the electronic format. Besides, it can become a costly affair to maintain consistent and accurate data entry in your overall IP portfolio, especially at the time of organizational changes, like mergers and acquisitions. As per a report issued by the World Intellectual Property Organization (WIPO) in 2015, somewhere around 25% of the patent data is inaccurate, due to which the data verification process becomes even more challenging.

However, it is imperative to make a point of the fact that maintaining data integrity is critical to securing and safeguarding your Intellectual Property Rights (IPRs). While considering the value of different data sources, it is always worth getting in touch with an IP expert to come across the most cost-effective way of accessing the valuable data.

The Role of Data Management Tools

After defining the accurate and relevant data sources, the next step is selecting an adequate IP data management tool, which helps significantly in accessing the data and maintaining data integrity. Before selecting the IP data management tool, you need to define the specific requirements of your business, as they usually vary from one business to another, and there are a lot of tools available in the market. Irrespective of whether you select one or more tools, you need to consider well all the functions that you require. To be specific, an IP management tool should make all your IP assets more valuable to your business.

The tool used for data verification should also offer protection for sensitive information, such as disaster recovery solutions, access controls, and security against manipulation or theft. Additionally, you should consider the tool as an integral element of your IP strategy as it provides ease of access and transparency and also makes sure that none of your IP operations are hindered. Besides, it is equally imperative to make sure that your IP strategic operations are secure.

It is a matter of fact that yes – integrating a new IP data management tool in your business shall take some time, resources, and money. It is undoubtedly a complicated process, which shouldn’t be taken lightly. Given the complexity of such tools, it is highly advisable to research the potential solutions that can adapt to your future business needs conveniently without requiring excessive time or financial investment. Hence, every other business out there should consider its current and future needs wisely as it becomes difficult at a later stage to make the changes.  For view source: https://www.kashishipr.com/blog/understanding-the-importance-of-data-verification-in-an-ip-strategy/

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SAIP is All Set to Block 231 Websites that Violate Rules and Regulations

The Saudi Authority for Intellectual Property (SAIP) is the official government body in Saudi Arabia responsible for the organization, protection, and promotion of Intellectual Property (IP) in the Kingdom. Under its competencies, the SAIP has quite recently organized an online inspection campaign on platforms and websites, including sites broadcast from outside the Kingdom that violate the Intellectual Property Laws.

As a part of its robust and continuous efforts for minimizing violations against the Intellectual Property Rights (IPRs) within the Kingdom of Saudi Arabia, the SAIP has monitored, examined, and analyzed a total of 231 websites that violate the IP laws and has prevented the same from being browsed within the nation.

All the detected websites include a host of violations, such as broadcasting sites of encrypted sports channels directly, downloading and watching both movies and web series, downloading or listening to songs on music sites without obtaining a license or authorization from the IP owner, and downloading books in PDF formats.

Furthermore, the SAIP has also detected some websites that are selling subscriptions for encrypted TV channels either through illicit streaming devices (ISDs) or software to decrypt the encrypted site for illegally displaying materials.

The SAIP has confirmed that all these practices violate the Copyright Protection law and are entitled to fines and penalties that may reach up to SR250, 000. Besides, the violation of the law may even lead to the cancelation of the website’s commercial license or its closure. In some scenarios, it may even lead to the imprisonment of the license holder for a span not exceeding six months or defamation at the account of the infringer and removing the infringement.

The SAIP has made it crystal clear that it will neither tolerate the ones who violate the rules and regulations nor accept the violations at any cost. It has also asked the residents and citizens of Saudi Arabia to support all these efforts and initiatives and respect the IP Rights. 

For view source: https://www.kashishipr.com/blog/saip-is-all-set-to-block-231-websites-that-violate-rules-and-regulations/

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Understanding the Relevance of Intellectual Property for Businesses

In the present technologically advanced and highly competitive world, innovation is indeed the centerpiece for every other business company and organization out there that leads to the creation of Intellectual Property (IP) assets. Identifying, creating, and leveraging innovation undoubtedly provides a competitive edge and further helps in the long-term success of a company and organization. Moreover, the term IP doesn’t stay limited to only tech giants but is equally valuable for every type of business that invests massive amounts in the process of research and development for coming up with indigenous offerings.

A business company should be proactive at all times while implementing IP solutions to identify novel innovations, which shall, in turn, increase its revenues. Without any doubt, a well-defined IP objective holds immense potential for achieving business goals and positioning the brand as a leader in the market. After experiencing some growth and progress in the business, the IP strategy can effectively focus on safeguarding the unique aspects of IP assets and fostering innovations for exploring new geographies. The same can efficiently be achieved through joint ventures or licensing for creating new solutions that fulfill the unmet needs of the market.

A company must put in sincere efforts to evaluate its already existing IP assets for determining whether they are in line with its overall business objective or not. Doing the same shall help the company significantly in identifying novel ways of leveraging IP assets through licensing opportunities. Widely-known and successful companies can explore new avenues for expanding their offerings and increasing their revenue streams.

A company’s Intellectual Property Portfolio is hands down vital for its success in the long run, which includes various forms of IP like trademarks, designs, patents, and copyright. Therefore, all the business companies out there must ensure the maximum realization of their already existing IP portfolios, which needs to be done using effective IP portfolio management.  Additionally, a company must know and understand its IP portfolio well corresponding to the competencies and market opportunities available. There is a dire need to figure out the white spaces where a company can license its IP portfolio and gain financial returns. Remember, a to-the-point and well-planned IP strategy can indeed help the organization in managing its IP portfolio.

A company should keep track of the following aspects while managing its IP portfolio:

• What are the different forms of IP in the company’s already existing IP portfolio?
• Has the company identified the gaps or white spaces in the IP portfolio?
• What investment strategy should the company decide to undertake?
• What measures should the company implement to manage and develop its IP portfolio?
• What are the potential areas where the company can license its IP assets to gain a competitive edge?
• Does technology pose any threat coming from the competitors?

Licensing registered IP is a crucial part of IP management corresponding to driving more revenues. Therefore, a company must analyze its IP assets and exploit them further for licensing purposes. Conducting a detailed analysis would help the company in coming up with innovations, identifying opportunities for licensing, and avoiding issues of Intellectual Property Infringement.

For remaining ahead of the competition in all aspects, entrepreneurs and innovators must evolve their IP portfolios for time to time and maintain consistency in the quality of their offerings. It is a matter of fact that yes – a robust IP system plays an integral role in managing the knowledge assets of a business. Without having adequate protection of their ideas, the innovators shall never be able to reap benefits from their unique creations and would eventually focus way too less on research and development.

Intellectual Property Rights (IPRs) also provide incentives to the innovators for exploiting and commercializing their innovations in the market. Hence, companies and organizations nowadays are realizing the utmost importance of IP assets as they involve a critical percentage of a company’s valuating during mergers and acquisitions. Furthermore, there is an international system corresponding to the protection, management, and enforcement of IP Rights as well, which includes several treaties and bodies such as the World Intellectual Property Organization (WIPO), World Trade Organization (WTO), to name a few.

In the end, we can say that companies and organizations must embrace their IP portfolio management strategy proactively to extract the maximum benefits, drive productive growth, and develop customer loyalty.✅  For view source: https://www.kashishipr.com/blog/understanding-the-relevance-of-intellectual-property-for-businesses/

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