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ARTICLE · 25 MAY 2018

Patent Commercialisation Via Licensing

Khurana & Khurana, Advocates and IP Attorneys
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Intellectual Property refers to creations of the mind such as inventions, expressions in the form of literary and artistic works, symbols, names and images, etc used in commerce.

IndiaIntellectual Property
Madhur Tulsiani
Madhur Tulsiani
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Intellectual Property refers to creations of the mind such as inventions, expressions in the form of literary and artistic works, symbols, names and images, etc used in commerce. It can further be divided into Industrial Property or Copyright1. Patent as a part of Industrial Property is an exclusive right granted for an invention – a product or process that provides a new way of doing something, or that offers a new technical solution to a problem2.

According to 7 USCS § 178a, the term “commercialization” means "the stage in the development or advancement of a technology at which point private enterprise is willing to invest in a full-scale production facility"3. Even though the definition does not emerge from core intellectual property laws, it still sustains the bare minimum standards of the term.

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