The primary objective of an Intellectual Property Right is to empower an individual or an entity to protect their intellect for a limited duration of time. The applications of Intellectual Property Rights are: Patents, Industrial Designs, Trademarks, and Copyrights.
About 50,000 patents are filed in India each year, with Indians contributing only 25% of this. On the contrary over 800,000 patents are filed each year in China, of which Chinese contribute almost 80% of it. The contrast is not just the sheer disparity of the numbers between India and China, but also the extent of contribution and participation of the indigenous population in China's patent filling.
Legasis believes that, although intellectual properties are intangible & incorporeal assets, when it comes to asset protection, consolidation & security, we treat them at par with corporeal assets.
Legasis understands that intellectual properties are invaluable assets that need a sustained focus, concrete approach & deep understanding of business, legal landscape, & commercial realities. In developing concretizing & consolidating IPR, Legasis focuses on searching, drafting & filling IPRs in such manner that future commercial potential of intellectual properties are preserved & protected.