Volume 1 Issue 1

Volume 1 Issue 1

New Wings to the IPR Regime - A Statutory Cure in the Coronavirus Era

By Prachi Ajitsaria and Shahin Ahmed,
Students , National Law University and Judicial Academy, Assam

Abstract

Life under lockdown has not only altered the lives of the people, but also different aspects of health care, security of rights and medication access. The current pandemic has created a danger that the intellectual property domain might be thrown into a nosedive. Companies with large IP holdings are greatly influenced by the pandemic and are therefore seeking to take certain compulsory action to mitigate the effects of the pandemic. Because, of the pervasive confusion, IP rights holders are on the brink of violation of their rights by third parties. Unadulterated guidance is needed for trademarks, patents and copyrights. With insufficient access to services, workers employed in the IP field are continually perplexed. The pandemic has impaired the seamless running of the IP network. In order to resolve the effect, IP offices around the world are formulating initiatives. The United States Copyright Office and USPTO are disseminating their services through electronic media. EU world intellectual property organization implemented the Coronavirus Aid Relief and Economic security act (CARES Act) by the. When biopharmaceutical companies invest massively without any guarantee that their vaccinations will make the pandemic move away, this pandemic is deleterious to intellectual property. Given the current situation of COVID-19, it was announced by WHO as a pandemic, marking it a national emergency or a case of extreme urgency under Section 92, 100 and 102 Indian Patent Act, Chapter 417(laws of Malta, Article 31TRIPS. Many countries are adapting Intellectual Property Laws to prioritize health during the pandemic. The Article highlights the corona affect, the role of Intellectual Property Rights, the required measures, benefit from their IP assets and the key to an edge.

Recommended Citations :

OSCOLA

Prachi Ajitsaria, Shahin Ahmed, ‘ New Wings to the IPR Regime: A Statutory Cure in the Coronavirus Era’, [2020] 1 IJBLS
https://intbusinesslaw.com/new-wings-to-the-ipr-regime-a-statutory-cure-in-the-coronavirus-era/

Bluebook 19th Ed.

Prachi Ajitsaria & Shahin Ahmed, New Wings to the IPR Regime: A Statutory Cure in the Coronavirus Era, 1 IJBLS 49, 49 – 64 (2020).