MIP 108 Solved Assignment 2024-25
Management of IPRs
MIP 108 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
Assignment Code: ASST/ MIP 108 /2024-25
Marks: 100
Attempt all the questions:
Q1. When should an
Intellectual Property Audit be conducted? Discuss.
An Intellectual
Property (IP) audit should ideally be conducted periodically throughout the
lifecycle of a company, particularly at key stages such as inception, growth,
expansion, and prior to significant transactions. Here's a breakdown of when an
IP audit should be conducted and why:
At
Inception/Formation: Conducting an IP audit at the inception or formation stage
of a company is crucial. It helps in identifying any existing IP assets that
the founders may bring into the company, such as patents, trademarks,
copyrights, or trade secrets. This ensures that proper steps are taken to
protect and manage these assets from the outset.
Before Funding
Rounds or Investments: Companies often seek funding or investments to fuel
their growth. Before such rounds, it's essential to conduct an IP audit to
assess the strength and value of the company's IP portfolio. Potential
investors will likely scrutinize the IP assets, so it's important to ensure
they are properly protected and have clear ownership.
Prior to
Mergers and Acquisitions (M&A): In the case of mergers or acquisitions,
both parties need to conduct thorough due diligence, including an IP audit.
This helps in evaluating the IP assets of the target company, assessing their
quality, potential risks, and any infringement issues. It also ensures that the
acquiring company is aware of what it's acquiring and can negotiate
accordingly.
During
Licensing or Technology Transfer Agreements: When entering into licensing
agreements or technology transfer deals, it's crucial to assess the IP
involved. An IP audit helps in identifying the IP that is subject to the
agreement, ensuring that the company has the rights to license or transfer it,
and determining any restrictions or obligations associated with the IP.
Regular Review
Periods: Apart from specific milestones, companies should also conduct regular
IP audits at predetermined intervals. This ensures that the IP portfolio is
continuously managed, updated, and aligned with the company's business goals.
Regular audits also help in identifying any new IP assets created within the
company and ensuring they are properly protected.
Before IP
Litigation or Enforcement Actions: If a company plans to enforce its IP rights
or is facing potential litigation, it's advisable to conduct an IP audit. This
helps in assessing the strength of the IP assets, identifying potential
weaknesses or vulnerabilities, and gathering necessary documentation to support
legal actions.
Overall, the
timing of an IP audit depends on the specific needs and circumstances of the
company. However, integrating IP audits into the regular business processes and
conducting them at key milestones ensures that the company's IP assets are
properly managed, protected, and leveraged to achieve its strategic objectives.
Q2. Define open
source. Distinguish between freeware and free software.
Q3. What is Patent
Mapping? Discuss the purpose and objectives of patent mapping.
Q4. Discuss the
differences between utilitarianism and Non-utilitarianism theories of IPRs.
Q5. Explain the
economic nature of IPR goods. Differentiate between invention and innovation.
Q6. Explain the
situations where valuation of IP is important for an organisation.
Q7. What is a sole
license and how it is different from exclusive license? Explain the types of intellectual
property licenses?
Q8. Differentiate
between income based, cost based and market based method for valuation of patents.
Q9. Write briefly
various types of royalty payments.
Q10. Discuss the
determinants of IP Strategy.
Q11. Distinguish
between Open and Closed Standards.
Q12. Explain the
different stages involved before the invention reaches from mind to patent
MIP 108 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
MIP 108 Solved
Assignment 2024-25, MIP 108 Solved Assignment 2024-25, MIP 108 Solved Assignment
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they will also checkout their assignment marks & result. All this is often
available in a web mode. After submitting the assignment, you'll check you MIP
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