ntroduction

The term
patent
usually refers to a right granted to anyone who invents or discovers
any new and useful process, machine, article of manufacture, or composition
of matter, or any new and useful improvementthereof.The procedure for granting
patents, the requirements placed on the patentee, and the extent of theexclusive
rights vary widely between countries according to national laws and international
agreements.Typically, however, a patent application must include one or
moreclaims defining the invention whichm u s t b e n e w , n o n -
obvious, and useful or industrially applicable. In many countries,
c e r t a i n s u b j e c t areas are excluded from patents, such as business
methods and mental acts. The exclusive right grantedto a patentee in
most countries is the right to prevent others from making, using, selling,
or distributingthe patented invention without
permissionT h i s r e p o r t p r o v i d e s b a c k g r o u n d o n i n t e l l e c t u a l p r o
p e r t y r i g h t s ( I P R ) a n d d i s c u s s e s t h e r o l e o f international
trade policy in enhancing IPR protection and enforcement abroad.
I P R a r e l e g a l r i g h t s granted by governments to encourage innovation
and creative output by ensuring that creators reap
the benefits of their inventions or works and they may take the form of patents, tra
de secrets, copyrights,trademarks, or geographical indications. Global
industries that rely on IPR contribute significantly toeconomic growth,
employment, and trade .Counterfeiting and piracy in other countries may result in
thel o s s o f b i l l i o n s o f d o l l a r s o f r e v e n u e f o r m a n y f i r m s a s w e l l a s
t h e l o s s o f j o b s . R e s p o n s i b i l i t y f o r developing IPR policy, engaging
in IPR-related international negotiations, and enforcing IPR laws
cutsacross several different Government agencies.
Objectives:-
The main objecves of our sudy are:
1.
Global Intellectual property scenario
2.Delineating patents under various types, i.e.

Entity-wise (Indian organizations, foreign R&D centres in India, resident
individuals).

Proprietary protections (utility, design, plant patents)

Organization-wise (industry, research organizations, specialized institutions, etc.)

Industrial sector-wise, category-wise (process/ product), etc.
4.Impact of licensing, technology transfer, nanotechnology, R&D,
innovations &patenton international trade.5.International Con  lict
over the Commodi  ication of Life

(
BAJAJ AUTO LTD. Vs. T.V.S. MOTOR COMPANY LTD. - A CASE STUDY
)