Intellectual Property has always played an increasingly significant role in today’s technology-driven industry. Patents are an important IP asset for an organization. Hence, the innovative strength of an organization subsequently can be measured through its patenting activities. Not only with the number of the patents, but the quality of the patent is what makes... Read More
Ending the legal battle in Germany, carmaker Daimler has agreed to pay royalties fees to Nokia for using its patent. This marks the end of the legal battle between the technologies and car companies over the payment of royalties.
Through licensing revenues, Nokia earns $1.7 billion each year. These royalties come from the usage of navigation systems... Read More
The United States Patent Office issues a patent for a wearable artificial kidney to Nephrologists Victor Gura, MD, Chairman and Chief Scientific Officer of Wearable Artificial Organs Inc. The clinical trial is expected to start this year to test the third-generation device. The Patentee Gura is an... Read More
Xiaomi, a Chinese multinational electronic company has been granted a patent for its under-screen flip camera. The company headquarters in Beijing is a major electronic company that works in the industry of Smartphone mobile apps, laptop home appliances, bags, shoes, consumer electronics. Xiaomi undoubtedly has a major consumer base in the electronic market with having... Read More
With the highly developed economy in the world, Japan sets itself apart as the global center of a technologically advanced country. As per the data released by IMF and World Bank, Japan is the third-largest economy in the world by nominal GDP and fourth-largest in terms of purchasing power parity. It’s the world’s second-largest developed economy. With such huge economic... Read More
The patent provides a monopoly over an invention to the inventor. The filing of patents and its grant is a long tedious process that takes up to 2-3 years. Due to its nature of the invention and the cost that is involved with R&D, it is highly imperative to decide where to seek the patent rights and the expenses involved. An effective strategy of filing for patent... Read More