In India all the corporate related matters are controlled by the Ministry of Corporate Affairs (Government of India). The controlling effects and administrative areas of Indian Ministry of Corporate affairs includes Administration of the Companies Act, 1956 and other related Acts, and Revision of Companies Act, 1956 etc.
Licensing is basically acquiring permission to use one’s intellectual property with good faith. The best example would be licensing a copyright of a book to other publishers or lending software coding to other IT company.
It is an agreement signed between the product innovators and the manufacturers. These are usually a short term agreement (generally for a year). If the goods are well received in the market if the profit target is achieved and still the innovators feel that there is a need for manufacturing the product, then they may renew the agreement further. It gets terminated when the terms stipulated are completed. The agreement is made in such a manner that the liability almost vests on the manufacturers till the product/goods get delivered accordingly.
This contract is signed between ………………. (Product develope(r)) and …………… (manufacturer(s)) for the purpose of manufacturing the goods specified hereunder and complete delivery of the same adhering to the (time/day/place) as specified in this agreement. For which an amount specified and agreed shall be paid.
In growing corporate sectors Intellectual Property rights has been given far more importance as it represents the “Intellectual” minds of the whole entity. Intellectual property rights are given importance like physical property as people are realizing the need to protect their Intellectual property too. Growing awareness of economizing future ideas and regulation in law increased the growth of Intellectual Property Rights.
What is Patent proofreading
It is one of the significant step by which the enforcement of Patent can be acquired without any unwanted delay in time. It is a process by which highly skilled IP attorneys proofread the previously registered patents with patent office. Proof reading of patent makes your work in registration of patent easier. Although proof reading can be done by individuals it is advisable to hire the services of professionals. Patent office will be more cautious while issuing a patent right but still they are nowhere to be blamed as one must understand that they are also human beings and it will be difficult for them to understand their own mistake. If a patent is issued and later the errors are found then the patent will remain to continue with the errors only. Correcting the error in the patent issued is hectic and costly too.
Sellers’ permit is permission issued by the most of the states of US for regulating the selling (both retail and wholesale). Sellers’ permit may also be obtained if you intend to sell/lease tangible properties. Sellers permit may also obtain on temporary basis. (For e.g.: selling festive collections). If you are entertaining business in more than one state you have to get separate license for all the states.
Affidavit is a legal document which the deponent sworn / oath to the Court. Although an affidavit can be filed by anyone, it is advisable to get a legal opinion from attorneys.