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aurigaip

Auriga IP

Lionel is a registered Patent Attorney in Singapore and specializes in patent drafting and prosecution, client counseling, IP management and strategy, licensing and IP due diligence. Lionel has prepared and prosecuted patent applications in a wide variety of technologies including: consumer electronic devices, artificial intelligence and machine learning applications, manufacturing processes, logistic and transportation devices and systems, autonomous vehicle systems and applications, medical devices and electro-mechanical devices.

Distinguishing between IP and Competition law

The most important role that is played by any law in this world of free markets is the laws of intellectual property. They act as a survival kit in a highly competitive market by ensuring that the owner’s right of the intellectual property is not being infringed to his prejudice by another party. The exclusive enjoyment of rights is conferred upon the rightful owner.  Therefore, a huge deal of attention is being given to IP Laws and along with Patent filing Singapore, an another niche filed of law which is gaining strong foothold in the gamut of laws that affect this technologically advanced contemporary world  is competition laws. Historically speaking, these two fields of law have emerged as two separate systems but they share the common goal with different perspectives. On one hand, IP Laws deal with the promotion of innovation by providing exclusive rights over invention. On the other hand, competition laws promote efficiency in the market and prevent market distortions.

 

 

Ever since the Statues of Monopolies was enacted in England in the year 1624, the tension between the IP and completion laws have existed because the prohibited monopolies but allowed patent monopolies. Companies are not allowed to maintain a monopoly over the market however they can monopolise their technologies for any specific period of time. The Competition Act of India seeks to prohibit anti-competitive agreements, prohibit the abuse of dominant position by organisations and to regulate mergers. The act prohibits an enterprise to enter into an agreement in respect of production, supply distribution or control of goods  or provision of services, which is likely to cause an adverse effect on competition within India but at the same time it bestows a blanket exception on IPR. on Act, 2002.

 

 

To irradiate this sort of confusions AurigaIP have the option of On Demand IP Counseling Service in Singapore in which they will assist you regarding the considerable factors and aware you about the risks that might occur during the process. For more information you can visit the website under the name www.aurigaip.com.