{"id":2382,"date":"2017-08-31T09:46:56","date_gmt":"2017-08-31T04:16:56","guid":{"rendered":"https:\/\/old.anandandanand.com\/oldupdates\/?p=2382"},"modified":"2017-08-31T09:46:56","modified_gmt":"2017-08-31T04:16:56","slug":"establishment-ip-stock-exchange-india","status":"publish","type":"post","link":"https:\/\/old.anandandanand.com\/oldupdates\/establishment-ip-stock-exchange-india\/","title":{"rendered":"Establishment of an IP stock exchange in India"},"content":{"rendered":"<p><em>Binny Kalra and Raunaq Kamath discuss the benefits of an IP Rights Exchange all set to be launched in India as part of the National IPR Policy, in World Trademark Review.<\/em><\/p>\n<p>As part of the new national IP rights policy, India is set to get its own IP rights exchange (IPRX), like the\u00a0United Kingdom and Hong Kong. The Federation of Indian Micro, Small &amp; Medium Enterprises (FISME)\u00a0supported by the British High Commission had previously initiated a portal for this purpose at\u00a0www.iprexchange.in. The new IPRX will, however, be operated under the aegis of the Ministry of Science\u00a0and Technology through the National Research Development Corporation which suggests that it will be more\u00a0centralised, comprehensive and effective.<\/p>\n<p>This is a promising development for both IP holders and potential purchasers which have agreed there is a\u00a0need for a centralised forum for purchasing, selling and licensing intellectual property.\u00a0At present, the absence of an effective centralised marketplace to purchase, sell or license intellectual\u00a0property creates a situation where licensees must be identified by right holders and approached with a\u00a0proposal.<\/p>\n<p>Similarly, businesses which require acquisition of intellectual property to legitimise their operations may not\u00a0have easy access to or even knowledge of the existence of the relevant intellectual property. In such a\u00a0situation, the licence may be valued in an arbitrary manner with the resulting negotiations being\u00a0unsuccessful.<\/p>\n<p>Where the parties cannot reach a consensus on the terms of a transaction or licence, right holders often resort to litigation in order to restrain the other side from using their intellectual property. While these\u00a0proceedings may culminate in a compromise where the violator eventually agrees to take a licence from the\u00a0right holder, such litigation increases the burden on the courts.<\/p>\n<p><em>This article was first published in\u00a0World Trademark Review&#8217;s <a href=\"https:\/\/old.anandandanand.com\/oldupdates\/wp-content\/uploads\/2017\/08\/Establishment-of-an-IP-stock-exchange-in-India.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">WTR Daily August 2017<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binny Kalra and Raunaq Kamath discuss the benefits of an IP Rights Exchange all set to be launched in India as part of the National IPR Policy, in World Trademark Review. As part of the new national IP rights policy, India is set to get its own IP rights exchange (IPRX), like the\u00a0United Kingdom and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[103,180,102],"jetpack_featured_media_url":"https:\/\/old.anandandanand.com\/oldupdates\/wp-content\/uploads\/2017\/02\/wtr_linkedin_image.jpg","_links":{"self":[{"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/posts\/2382"}],"collection":[{"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/comments?post=2382"}],"version-history":[{"count":3,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/posts\/2382\/revisions"}],"predecessor-version":[{"id":2387,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/posts\/2382\/revisions\/2387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/media\/1209"}],"wp:attachment":[{"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/media?parent=2382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/categories?post=2382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.anandandanand.com\/oldupdates\/wp-json\/wp\/v2\/tags?post=2382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}