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BananaIP Chosen as Strategic IP Partner for IIT Mumbai’s International Business Plan Competition

BananaIP has been selected as the strategic IP partner for “Eureka”, the prestigious international business plan competition conducted by IIT Bombay. BananaIP will be responsible for providing IP and related consultancy to the finalists of Eureka. The winners of the event will be declared and awarded prizes during E-Summit 2015, to be held at IIT Mumbai. Date : 11/01/2015 [button link="http://www.newindianexpress.com/business/news/More-Spends-on-Patents-Needed/2015/01/11/article2613526.ece" newwindow="yes"] Read more[/button]

BananaIP Reporter Intellectual Property January 11, 2015 592Views 0Like

RPX acquires patents owned by Apple’s Rockstar Consortium for US$ 900M

American patent risk management company, RPX Corp., entered into an agreement to acquire around 4,000 patents owned by Rockstar, a consortium led by Apple Inc. and other firms for US$ 900M. Rockstar was created as a patent holding entity in 2011 by technology bigwigs like Apple, Microsoft, Blackberry, Sony and Ericsson, with the intent of purchasing the 6,000 patents from the Nortel Network Corp., for US$ 4.5B, following its bankruptcy. About 2,000 of the most valuable patents have already been distributed…

BananaIP Reporter Intellectual Property, IP Commercialization/Licensing, Patents January 9, 2015 835Views 0Like

New Copyright Law: Parody is Legal if Judge Thinks it’s Funny

Imagine, one day, if Copyright Laws were changed to account for the legality of a parody, a caricature or a pastiche[i], based on whether a Judge found it funny. For the citizens of UK, that day was October 1, 2014. Amendments to the Copyright, Designs and Patents Act, 1988, have done exactly this. Along with changes in Parody Law, there’s a new freedom by law to create personal copies, for private use[ii]. The UK Copyright Law, known to be anything but…

BananaIP Reporter Copyrights, Media and Entertainment Law January 9, 2015 1067Views 0Like

This image depicts Tablets of different colors. This image is relevant as there is a Patent Infringement dispute between Aurobindo Pharma and Astrazeneca. Click on the image for more information.

Astrazeneca to retain Sweetness of Onglyza

Aurobindo Pharma, USA, has been dragged to the Court for patent infringement by Astrazeneca. The suit filed is against the ANDA (Abbreviated New Drug Application) filed by Aurobindo Pharma with the USFDA with regard to seeking the market approval for Saxagliptin hydrochloride tablets before the expiry of its US patent. Aurobindo Pharma plans to market the generic versions of Saxagliptin hydrochloride tablets of 2.5 mg and 5 mg strengths. Astrazeneca is the sole marketer of Saxagliptin hydrochloride tablets having got…

BananaIP Reporter Intellectual Property, Patents January 8, 2015 710Views 0Like

LSU helps faculty Transfer Innovation into the market

In January this year, Louisiana State University (LSU), established LSU LIFT (Leveraging Innovation for Technology Transfer) Fund, which offers bi-annual funding to LSU faculty members on a competitive basis, to effectively transfer innovation out of the lab and into the market. The board also agreed to continually support the LSU LIFT Fund by assigning 5% of the university’s future IP licensing income to the new fund. In Round 1 of funding, the program attracted 47 applications out of which…

BananaIP Reporter Intellectual Property January 8, 2015 586Views 0Like

Spanish Publishers Suffer as Google News Closes Operations

Last week, Google closed its operations in Spain, in response to the new Copyright Law which has made it mandatory for Google, Yahoo and other news aggregators to pay licensing fee to all news publishers for using their stories or snippets in Google News. The regulation, expected to come into effect in 2015, will deal with websites that share pirated content. As per the law, Spanish Government will have the authority to penalize websites up to US$ 750,000 for directing links…

BananaIP Reporter Intellectual Property, IP Commercialization/Licensing January 7, 2015 661Views 0Like

Development of Copyright Law in the UK

Following recommendations given in an independent report by Professor Ian Hargreaves in 2011, the UK Government had come up with several changes in the Copyright Law, covering aspects of fair dealing for accessible formats for the disabled, research and education, public administration, parody and personal copies for private use. Of these, regulations allowing personal copies of legally-bought music to be made for private use under exceptions to copyright are facing strong resistance from the UK music industry. Having come into force…

BananaIP Reporter Copyrights, Intellectual Property, Media and Entertainment Law January 7, 2015 755Views 0Like

Creative Commons Prints infringed by Flickr

Yahoo-owned image hosting website, Flickr, has issued an apology for using prints of images licensed under Creative Commons (CC) in its recently launched Wall Art paint service. The month-old service allowed people to purchase canvas or wood prints for images that were featured in Flicker’s CC gallery. Yahoo had initially planned to retain all the earnings from the sales of CC images, while giving a 52% cut to the photographers of images not covered by CC. The wall art paint service…

BananaIP Reporter IP Commercialization/Licensing January 7, 2015 674Views 0Like

Are LinkedIn Connections Trade Secrets?

This question came up in an Employer-Employee trade secret dispute before a California Court. David Oakes was working in a sales position with a company called Cellular Accessories under an Employment Agreement with a clause to safeguard the company's trade secrets. As a part of his employment with Cellular Accessories, David established more than nine hundred contacts on LinkedIn and maintained the list on his computer. The list was updated whenever a new contact was made. On leaving the company,…

BananaIP Reporter Intellectual Property, Trade Secrets January 7, 2015 869Views 0Like

This image depicts a Court Gavel. This image is relevant as the article deals with the decision delivered by Delhi High Court regarding Royalties to singers. Click on this Image for more Information.

Royalties for Singers – Delhi High Court passes a favorable order

For all of us waiting to hear of development in the Copyright (Amendment) Act, 2012, yes, we have some news for you. It is not for Lyricists, or for Music Composers, but for Singers this time! The Indian Singers Rights Association (ISRA) has obtained a favourable order against one of the Delhi based clubs, Night Fever Club & Lounge, that has been playing songs and not paying Singers their due. The ISRA filed a suit against this lounge before the Delhi High Court…

BananaIP Reporter Copyrights, Intellectual Property, IP Commercialization/Licensing, Media and Entertainment Law January 7, 2015 982Views 0Like

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