According to the World Intellectual Property Organization, “Intellectual Property is refers to the creation of the mind: inventions, literary and artistic works and symbols, names, images and designs used in commerce”.
Patents are the exclusive rights granted to the inventor to use, enjoy and sell his invention or improvement when it is novel, useful and non-obvious to the person skilled in the art. Here comes the question regarding the patent of ideas.
In India, we all have an experienced knowledge about BPO (Business Process Outsourcing) but when it comes to LPO it’s a totally new recognized form in Legal field. This paper aims at analyzing the ‘for’ and ‘against’ determinants of LPO.
Document Review is the process of reviewing the documents by the attorneys regarding a particular case and then arranging and ordering the documents in the order of their importance. The Document Review is often done by the attorneys in the process of the litigation whether it be litigation, mergers and acquisitions. The importance of document review has gained tremendous importance with the increase in litigation. Now-a-days the document review is often done by the experienced paralegals. This process requires a lot of cautiousness and they are given only to reputed law firms. In the US the cost of document review is very high and here comes the role of Legal Process Outsourcing firms. The task of document review will be assigned to LPO’s in countries where the rate is low. This was made possible and easier with the advent of technology where it could be done with much more accuracy.
The considerations to be looked into to deal with registering the companies in United States differ from state to state. The procedure also differ depending upon the firms or business like sole proprietorship, corporation, Limited Liability Company or partnership. For example if it is a sole proprietorship then no registration is required at the state level.
Limited Liability partnership is incorporated under the Limited Liability Partnership Act, 2008 where unlike the traditional partnership have a separate legal entity, can hold property, having perpetual succession and there is no liability of one member to be responsible for the negligence or misconduct of the other member. According to the Indo American Chamber of Commerce the limited liability partnership is defined as “a hybrid between a company and a partnership” as LLP allows its members upon agreement to have flexibility in their internal structure and at the same time provides benefits of limited liability.
Paralegal service
Paralegal service is the assistance to the attorney in rendering the legal services. Paralegal services could be considered as indispensable part of a law firm. It helps the attorneys to engage in more serious matters and disputes, giving all the supplementary work to paralegals. It also helps the attorneys to free their minds from the management of the office.
Patent is the granting of an exclusive right to the inventor to use, enjoy and sell his invention. Patent is given to encourage the inventors to carry on with their inventions and to reward them for communicating it to the world. Several claims and conflicts arise while registering a patent. In India patent is granted by the Controller General of Patent Designs and Trademarks.