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IP Auction

IP Auction as the name describes is to provide marketplace to exchange (e.g., buy and sell) of intellectual property. This helps the owner to monetize their intellectual property as well as maximize the return from their investment (e.g., time and money).

IP Auctions are safe means of purchasing or licensing intellectual property like domain names, trade marks, etc due to their legal nature. IP auctions are a fast way to sell or license IP. Bidders usually purchase or license low- or no- value patents because patent auctions set a very tight time frame for bidders’ due diligence. The nature of the IP right creates a big imbalance in terms of knowledge between owner of the IP and the purchaser or licensee; the latter party can only minimize the risk of purchasing or licensing a "zero" or low value IP  by receiving sufficient time to investigate the patents.

Patent auction is a swift and effective way to find a purchaser or a licensee for their IP rights. Even so, it is imperative that the bidders themselves conduct a proper due diligence of the patents offered, corresponding to their needs and to their assessment of their true financial and business value.

PATENTS ON INDIAN BIO-RESOURCES ENLISTED

The Unit for Research and Development of Information Products (URDIP) of the Council of Scientific and Industrial Research (CSIR) has prepared a database of patents granted world-wide to Indian bio-resources, which include food crops, forest trees, marine organisms, microbial resources, livestock, other animals and agro-resources.
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YASH RAJ FILMS ACCUSED OF COPYRIGHT INFRINGEMENT

Yash Raj Films has been accused of copyright infringement in a lawsuit filed by the producers of a Tamil movie “Naan Avan Illai” against Yash Raj Chopra. They claim infringement of their copyright with YRC’s recent film "Ladies v. Ricky Bahl".

“Naan Avan Illai” released in 2007 is a remake of a 1974 movie by the same name and it was a remake of a 1962 Marathi film and play – “To Mee Navhech”..
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ANGELINA JOLIE ACCUSED OF COPYRIGHT INFRINGEMENT

Angelina Jolie has been accused of copyright infringement by a Croatian journalist James Braddock. Braddock has filed a lawsuit against Jolie, Film District and the producers of Jolie's upcoming directorial debut, “In the Land of Blood And Honey”, claiming copyright infringement of his book entitled, “The Soul Shattering”. The actress however claims to have written the story for “In The Land of Blood and Honey”.
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