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Understanding Patents in India: A Comprehensive Guide
Guide to Patents in India What is a Patent? A patent is a government granted, exclusive right over an invention for a limited time. In India, a patent gives the owner also known as the “patentee” the right to stop others from making, using, selling or importing the patented product or process without permission. In return, the…
Understanding Statement of Use in U.S. Trademark Law
Statement of Use (SOU) in US Trademark Law A Statement of Use or SOU is a formal declaration filed with the United States Patent and Trademark Office (USPTO) to show that you are actually using a trademark in U.S. commerce. It is only required when an application was filed on an intent-to-use basis Section 1(b)…
DECODING THE TERM SHEET
TERM SHEET A term sheet is the initial document i.e. signed between the investors and startup. Term sheet itself is not legally binding document but many time this document is exchanged with the confidentiality and related agreements. Although Term sheet may not be legally binding but it is like an architect plan which set forth…
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