The most important thing when deciding to assign or concede your IP is the commercial value of each option. There are two important ways to use the commercial value of your IP: if you are an employer, make sure that your employment contract provides that your employees will assign to your company all the IPs they create during their employment. If you did not mention it in your contract, you can also, as an employer, ensure that the job is terminated in the event of ABUSE on IP. In the case of the ip attribution agreement, the owner must apply and inform the registration service of his wish to transfer ownership of the IP. Since this allows for the permanent transfer of the property, the contract should be written. However, the licensee may grant its IP rights orally (under an IP licence) and is not required to apply or keep the contract in writing. But IP transfer agreements can also have their advantages. If you cede the intellectual property to a third party, you are no longer responsible for the product. This means that you generally cannot be sued for problems related to your IP and that they are not responsible for maintenance costs. Intellectual property transfer is generally more appropriate when you sell your business or leave a field altogether. There are different types of intellectual property licenses that are enshrined in a standard IP agreement. The following three are the most common: according to this section, anyone can apply to the Copyright Board for a licence to reproduce and publish literary, scientific or artistic works after the end of the period in question, from the date of the first publication of such a work, if copies of this edition are not provided in India. , or these copies were not sold to the general public in India for a period of six months, or as part of systematic teaching activities, at a price normally charged in India for similar works by the holder of the right of reproduction or a person mandated by him on that behalf.

The person creating the cover is required to notify the copyright holder of these works and the Registrar of Copyright at least 15 days before the creation of the cover. pre-copies of all covers intended to sell the sound recording to be provided or supplements to be paid in advance. For these sound recordings, at least fifty thousand copies are paid each year for each work. Delhi High Court in Star India Pvt Ltd v.