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Law PPT Sem 3
Law PPT Sem 3
LAW PRESENTATION
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Intellectual Property
Intellectual property (IP) is a legal
concept which refers to creations of
mind for which exclusive rights are
recognized.
Patent
A patent describes an invention for
which the inventor claims the
exclusive right.
12/22/2021
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Vs.
Advantages Disadvantages
RiceTech was able to not only call its aromatic rice Basmati within Economic loses.
the US, but also label it Basmati for its exports. Global trade losses.
Captures the whole US trade market. Both countries lose their global market share.
Exclusive use of the term "basmati".
Monopoly on breeding 22 farmer-bred Pakistani basmati varieties
with any other varieties in the Western Hemisphere.
Proprietary rights on the seeds and grains-crosses.
7
Government of India’s response to patent
Judgement
In 1997 when American company RiceTec Inc. was
granted a patent by US patent office to call the
aromatic rice growth outside India is, "Basmati".
India objected to it.
• So we can conclude that Basmati name cannot be patented because it is a name given to long rice
having good fragrance grown in northern part of India for thousands of years.