Expert lecture on “Importance of IPRs in WTO Era and Valuation of Patents”

An expert lecture on “Importance of IPRs in WTO Era and Valuation of Patents” was organized by the Humanities Section of Applied Sciences Department on 28 September 2016 during for the students of B. E 2nd year. Prof. Sudhir k. Jain, IIT Delhi was the keynote speaker for the occasion.  The lecture started with the floral welcome by Dr. Anju Singla. Prof. Jain discussed in detail about the concept of IPRs, major forms of Intellectual property Rights - their purpose, conditions, reasons, importance with some popular examples. He informed that most inventions are the result of intended, expensive R&D. Therefore there is a need to accelerate return on investment on R&D and to reduce financial risk.  Further he shared his knowledge regarding the valuation of the patents. He emphasised that with the patents, the seller can sell the product at a higher price and also informed why patenting is necessary in industry to know about new inventions and make new products. He touched upon the GATT Negotiations, TRIPS and WTO in brief. He also threw light on copyright and mentioned the various treaties and agreements of Indian government relating to copyrights in India. The session was enriching for the students and it ended up with question and answer session.

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