Does the business operate in a market that is characterized by perfect competition, monopolistic competition, oligopoly, or pure monopoly? Explain how you drew your conclusion about its market structure.
Discuss with your peers:
Read one of your peer’s posts and share an insight or question you have about that business and its market structure.
“Intellectual Property is the oil of the 21st Century” – Mark Getty. This statement holds true in today’s day and age. Intellectual Property is gaining importance at an exponential rate as the days go by. Today, intellectual property laws offer immense protection to the owners and their rights over such properties, in turn enabling them to commercialise such creations of their minds. Furthermore, some of the biggest businesses in the world, including the likes of Apple Inc. rely heavily on the protection offered by Intellectual Property Right Laws. However, there seems to be a lacuna as far as protection to non-conventional forms of intellectual property is concerned. This article sums the status of non-conventional trade marks in India and other jurisdictions. Non-Conventional Trade Marks and Graphical Representation Section 2(1)(zb) of the Trade Marks Act, 1999 defines trade mark as “a mark capable of being represented graphically and which is capable of distinguishing the goods and services of one person from those of others and may include shape of goods, their packaging and combination of colours.” Non-conventional trade marks have become the concern of creators fairly recently with the growth in use of innovative marketing and branding strategies. Non-conventional trade marks are those which are beyond the purview of the definition given in the legislation and originate from sounds, smells, tastes, textures, etc. While the legislation doesn’t explicitly exclude such trade marks, the use of the words “capable of>GET ANSWER