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NON FUNGIBLE TOKENS (NFTs) ON PATENTS: A BREAKTHROUGH IN THE INTELLECTUAL PROPERTY REGIME?

The recent buzz around Non-Fungible Tokens (or NFTs) can be attributed to the sale of memes, photos, digital artwork and other audio-visual assets for millions of dollars. Not long ago, the CEO of Twitter, Jack Dorsey, sold the first-ever published tweet as an NFT for a whopping USD 2.9 million, while the renowned 'Disaster Girl' meme was sold as an NFT for about USD 500,000. The term 'Non-fungible' primarily refers to the novel and non-replaceable nature of a material. For instance,…

BananaIP Reporter Intellectual Property, Patents February 18, 2022 3083Views 4Likes

Weekly Trademark Statistics - February, 2022 - Part I

Weekly Trademark Office Statistics – February, 2022 – Part I

This weekly Trademark Office data has been compiled from dynamic data published by the Trademark Office as updated till 9th February, 2022. These statistics are presented to you by the Trademark and Copyright team of BananaIP Counsels, India’s leading Intellectual Property Firm. Indian Trademark Statistics An increase of seven percent (4%) in the total number of trademark applications examined by the Trademark Office this week. A total of six thousand and seventeen (6017) applications were examined. These statistics have been compiled…

BananaIP Reporter Intellectual Property, Trademarks February 10, 2022 1565Views 3Likes

Recap 2021: IP Updates – Part 4

In this post we revisit the IP Updates ie., any amendments, ordinances, notifications, and other information related to IP published in the year 2021. For reader's convenience it has been divided into parts, please find the link to the previous and next parts towards the end of this post. DELHI HIGH COURT INVITES SUGGESTIONS FOR FIXING ROYALTIES FOR SOUND RECORDING The High Court of Delhi has issued a public notice on 10th November, 2021, with respect to the intention of the…

BananaIP Reporter Copyrights, General, Intellectual Property, Patents February 8, 2022 1276Views 4Likes

Recap 2021: IP Updates – Part 3

In this post we revisit the IP Updates ie., any amendments, ordinances, notifications, and other information related to IP published in the year 2021. For reader's convenience it has been divided into parts, please find the link to the previous and next parts towards the end of this post. CONSUMER PROTECTION (E-COMMERCE) RULES, 2020 – PROPOSED AMENDMENTS (2021) INTRODUCTION On 23rd July, 2020 the Central Government had notified the Consumer Protection (E-Commerce) Rules, 2020. The Department of Consumer Affairs on 21st…

BananaIP Reporter e-Commerce Law, General, Intellectual Property February 8, 2022 1321Views 4Likes

Weekly Patent Statistics- 28th January 2022 to 4th February 2022.

Weekly Patent and Industrial Design Statistics- 28th January 2022 to 4th February 2022

This week's Patent and Design data has been compiled from the Official journal of patents and designs, published by the patent office on the 4th of February 2022. These statistics are presented to you by the Patent attorneys and experts of BananaIP Counsels, India’s leading Intellectual Property Firm. INDIAN PATENT STATISTICS A total of 1,736 patent applications have been published in the 5th issue of the Patent Journal, 2022. Out of the 1,736 applications published in the journal, 774 applications account…

BananaIP Reporter Industrial Designs, Intellectual Property, Patent & Design Statistics, Patents February 8, 2022 1315Views 4Likes

Latest Updates on Antitrust – February, 2022 – Part I

This is a rundown of last week’s news updates on Antitrust: CCI Imposes Heavy Penalties On 6 Tyre Manufacturers For Cartelization The Competition Commission of India, the country’s antitrust watchdog, recently passed a cease and desist order and imposed heavy penalties on Apollo Tyres, MRF, CEAT, JK Tyres, Birla Tyres and Automotive Tyre Manufacturers Association for cartelization. It was alleged that all the above-mentioned tyre manufacturers together controlled 90% of the tyre production in India and were engaged in price parallelism…

BananaIP Reporter Intellectual Property, IP and Antitrust/Competition February 8, 2022 1152Views 2Likes

Latest Updates on Privacy - February, 2022 - Part I

Latest Updates on Privacy – February, 2021 – Part I

This is a rundown of last week’s news updates on Privacy: Central Government addresses concerns about penalising export-import data publication The Central Government had, through the Finance Bill, proposed the insertion of Section 135AA in the Customs Act which would make publishing of export-import data from the country, unless required by law, a punishable offence, with imprisonment of up to six months. Owing to concerns as to ambiguity in the type of data and whether publishing aggregate trade data would amount to…

BananaIP Reporter Intellectual Property, Privacy / Data Protection February 8, 2022 1006Views 1Like

Purdue University accuses Google of patent infringement, India triples number of patent grants and more

In this week's patent news: India triples number of patent grants, finds Economic Survey 2021-2022; Purdue University accuses Google of patent infringement, files suit; Gilead announces patent dispute settlement involving HIV drug Biktarvy; BlackBerry sells Legacy Patents for 600 million dollars; $85 million award against Apple disregarded, Court orders new trial Indian Patent Updates: India triples number of patent grants, finds Economic Survey 2021-2022 According to the Economic Survey 2021-2022, which was tabled in the Parliament on 31 st…

BananaIP Reporter Intellectual Property, Patents February 7, 2022 732Views 2Likes

Weekly News Update: Copyright and Entertainment Law

This is the weekly news update for copyright and entertainment law. Japanese publishing giants sue Cloudflare Four giants of manga publishing, Kodansha, Shueisha, Shogakukan, and Kadokawa, have filed a lawsuit in the Tokyo District Court against American web infrastructure company Cloudflare for infringing their copyright by hosting sites that distribute pirated manga on its servers. The publishers are seeking an injunction and a combined 400 million Yen (USD 3.5 million) in damages. Kodansha claims that Cloudflare’s policy of requiring merely an…

BananaIP Reporter Copyrights, Intellectual Property, Media and Entertainment Law February 4, 2022 1716Views 3Likes

Recap 2021: IP Updates – Part 2

In this post we revisit the IP Updates ie., any amendments, ordinances, notifications, and other information related to IP published in the year 2021. For reader's convenience it has been divided into parts, please find the link to the previous and next parts towards the end of this post. COPYRIGHT, INFORMATION TECHNOLOGY AND ECOMMERCE GOVT. NOTIFICATIONS-2021 The Ministry of Commerce and Industry has issued a notification, through the Department for Promotion of Industry and Internal Trade (DPIIT), introducing the Copyright (Amendment) Rules,…

BananaIP Reporter Biological Diversity, Copyrights, General, Intellectual Property, Patents, Trademarks February 2, 2022 1511Views 5Likes

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