Intellectual Property Rights

A world is created where knowledge is power and thus needs protection or  encouragement to the creator of the knowledge in order to put limited  resources into unlimited use. The intellectual property rights are  essentially recognized and accepted all over the world due to some very  important reasons. Some of the reasons for accepting these rights are :

• To provide an incentive to the individual/companies for new creations.
• Providing due recognition to the creators and inventors.
• Ensuring material reward for intellectual property.

We all contact IP in one form or another every day at work or at home when we use our computers or access the internet or listen to music or watch TV programs 'n' a number of times. This signifies the importance of IP  in our day to day life as well as in designing a better future for  ourselves.

Further to this Wealth in intangible form is an asset but needs to be converted into a source of revenue; something similar to one has lots of cash in  the cupboard but do not have the key, so we are the key. We act as an  interface or business facilitator between R&D and the Corporate  world to commercialize/develop business for our patent protected  research product.

Intellectual property (IP) is an outcome of the human intellect in the form of  design, literature, art, inventions, names, images, symbols, etc.  Intellectual property rights are a recognized topic in the  pharmaceutical world today. Intellectual property is a term that  encompasses a wide variety of different types of creations. IP is  legally protected, hence giving the deserved recognition to the people  for their work. IP is a pillar of the modern economy and a driver of  innovation and creativity. Patents, copyrights, trademarks, and trade  secrets are the four most common types of intellectual property. VMRC's  intellectual property rights division specializes in preparing &  prosecuting required patent/copyright/trademark applications, appeals,  re-examinations, interferences, oppositions, & co-operating with the legal team for IP-related litigation matters.

IPR division specializes in strategic patent portfolio planning and  management, infringement, validity and clearance investigations,  opinions and all phases of intellectual property prosecution practice.  This includes the preparation and prosecution of patent/ trademark and  copyright applications, appeals, re-examinations, interferences, and  oppositions. IPR division cooperates with and advises legal regarding  intellectual property litigation matters.