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Injunction
granted to Samsung
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The
Delhi High Court granted the first of its kind exparte
injunction to Samsung with regard to parallel importation
of its ink cartridges and toners. The injunction restrains
dealers from dealing with catridges and toners having the
trademark of Samsung. The Court held that importation of
goods that fail to meet the labelling requirements and
that do not possess the guarantees and warranties of the
manufacturer without appropriate authorization would
amount to trademark infringement. Samsung hopes to control
grey market imports through such aggressive legal action.
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Microsoft
and Epson cross-license
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After
entering into cross-licensing agreements with leading
technology companies such as Cisco Systems, Nortel
Networks, Siemens, SAP, Toshiba and so on, Microsoft has
entered into a license deal with Epson, which has
developed a strong portfolio of patents and is highly
ranked in the number of patents it files every year.
Microsoft and Epson entered into a cross licensing
agreement to mutually access each other's Intellectual
Property in consumer and business electronics sectors.
Through the cross-license the companies plan to protect
their Intellectual Property at a global level and take
benefit of each other's strengths in the market place. The
specific details of the license agreement have not been
disclosed by the parties.
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Patent
for data, voice and video over a unified network |
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Cisco
has been granted a patent over a method of providing
integrated voice, video, and data content in an integrated
service offering to one or more customer premises.
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Its
time to Bank on your IP |
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The
era of mortgaging your tangible assets is counting the last
few days of its existence. We are slowly moving to the era
of mortgaging the intangibles i.e. mortgaging your
Intellectual property. Bank of Communication,
Beijing
has come up with a first of its kind product where loans can
be acquired by mortgaging ones Intellectual assests. Few
days ago Beijing Kery Bio,
a pharm company got a 1.5 million yuan loan from the
Bank by mortgaging one of its invention patents, valued at 6
million yuan.
The
scheme will be a boon to small and medium sized enterprises
who find it difficult to get loans on their fixed assets. As
per the bank norms, patents with a validity period of at
least eight years, utility patents with a validity period of
no less than four years, and profitable trademarks can be
used as mortgage. The
bank is considering to expand this service to all its branch
shortly.
Its
indeed time to bank on your IP!
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