Law ministry moots penalty in R&D bill to protect IPR- Policy - The Diigo Meta page

• 06 Sep 08
  

  gibreel ferishta

  The law ministry has recommended introduction of penal provisions in the Public Funded R&D (Protection, Utilisation and Regulation of Intellectual Property) Bill of 2007 to prevent misuse of intellectual property by scientists. The Bill intends to allow public sector R&D organisations to commercialise their inventions and share their profits with the inventor.

  public public funded R&D ip infringement

  • The law ministry has recommended introduction of penal provisions in the
    Public Funded R&D (Protection, Utilisation and Regulation of Intellectual
    Property) Bill of 2007 to prevent misuse of intellectual property by scientists.
    The Bill intends to allow public sector R&D organisations to commercialise
    their inventions and share their profits with the inventor.
  • Sources indicate that the
    law ministry’s opinion was based on the premise that in exclusion of the
    penal provisions, the proposed Bill will not be sound. It is understood that
    incorporating penalty provisions in the proposed bill will act as a deterrent
    for scientists from infringing their rights to reap profits out of their
    inventions.
    

Would you like to comment?

Join Diigo for a free account, or sign in if you are already a member.