International-Business-Dr-R-Chandran-E-book

AGREEMENTS OBJECTIVE OF
AGREEMENT
50 years (25
years for
photographic
works)
c. Trademarks • Covers Trade as
well as Service
Marks-
Protection for 7
years (renewals
indefinitely)
d. Industrial
Design & Layout
e. Undisclosed
information &
Trade Secrets
• Covers new and
original
Industrial
designs &
Layout
• Does not
demand it to be
intellectual
property but
stipulates their
protection
176
International Business- Dr. R. Chandran
IMPACT ON
INDIAN
POLICY/ LAWS
• New
amendment bill
to cover TRIPS
promulgation
• New
amendment bill
contains
changes as per
agreement;
includes
service marks
• Impact on
know-how
agreements,
Contract Act
etc.
BUSINESS
IMPLICATIONS
• Impact on
counterfeit
Trade-Care
should be
exercised in
choosing names
of the companies
of products e.g.
other “Brand
names cannot be
sued as
Company’s name
(name as Maruti,
Reliance, Usha
etc used by other
businesses will
be contested )
• Implications for
Indian Designers
as well as
Garment/
Textiles Industry
using protected
designs and
manufactures of
Ics.
• Employees,
consultants,
licensees, subcontractors,
etc.
restrained form
divulging
Only for Private Circulation