Intellectual property MoU between India and USDate: 05 December 2020 Tags: Miscellaneous
India and the United States have signed a Memorandum of Understanding on Intellectual Property (IP) cooperation between the two countries.
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Minister of Commerce signed the MoU with the United States Patent and Trademark Office (USPTO), the agency of Department of Commerce of US.
The agreement will help in conducting in programs and events to provide details of the practices, experiences, and more such information on IP to the public as well as the industry, universities, Research and Development (R&D), and small and medium-sized enterprises.
It will also help in exchanging information between the experts, development, and implementation of automation and modernization projects.
It will provide best ways to approach the registration processes and examine applications for patents trademarks, copyrights, geographical indications, and industrial designs, including the protection, enforcement, and use of IP rights.
The MoU will also ensure cooperation between the two countries to understand the issues in terms of traditional knowledge that include the databases and raise awareness on the usage of existing IP systems in order to protect the same traditional knowledge.
It is expected to encourage collaboration in training programs, exchange of experts, technical exchange, and outreach activities.