Intellectual Property Policy
Loan ki Dukaan (the 'Company') puts up an effectual Intellectual Property Policy and Intellectual Property Management recommendations (coherently referred to as 'IP Policy') in position primarily to uphold complete clarity on IPR concerned matters like rights and duties of employees and the organization, proprietorship, claims and obligation of consumer and company, expose of operation/invention, non-disclosure of private data, responsibility in events of misuse of IP or solution to IP concerning disputes methodically.
Intellectual Property (IP) is of utmost value to us. We have confidence in a number of different intellectual assets (for example patents, trademarks, copyrights, trade and design rights, domain titles) in order to gain success in the market. IP supports us to remain viable, enables us to fund forthcoming projects, and helps us sustain all our services at the company. This company harbours a reliable guiding principle of proof of identity of company's intangible resources, highlighting them in accordance to company's business strategies, enlisting, utilizing and protecting them so as to benefit entirely from IP with regard to proceeds, image and market stake. Furthermore, the enterprise's IP Policy envisions safeguard and control of its private IP, internally as well as with its business affiliates. The company respects the IP of other enterprises as well so that we can maintain a smooth development of our goods and services and also run business with different business associates. For further amplification, the word 'company' henceforth used under the Intellectual Property Policy shall comprise its Affiliates and Partners.
Rationale
The company has taken up this particular policy so as to safeguard its own Intellectual Property and reduce the probability of breach of IP rights of the enterprise and the related third parties. The IP Policy targets to offer clear management procedures for the proprietorship and sharing of the IP formulated and owned by the firm.
Applicability
The Intellectual Property Policy is relevant to all the partners, employees and administration of the firm including it Associates and Subsidiaries.
Policies, Strategies and Records
- Company will value intellectual property (IP) and perform its work in accordance with the IP-concerned legal rules as relevant in the prerogative of Republic Of India and its treaties with other organizations.
- Company will keenly safeguard its internal IP.
- Company will preserve an efficient system of IP management, in addition to the maintenance of records and accounting of IP-concerned agreements and resources.
- Company will not purposely overstep on IP that belongs to a third party with respect to goods, components, services, or reveal/utilize trade secrets belonging to a third party without authorized approval of the vendor or as stated under the law.
- Companies will not deliberately obtain or engage in counterfeit or any other invading products and services in forwarding business, involving forged trademark products or overstepping copyright assets (for example audio and video, publications, software and other such documented content).
- Company will note and maintain written content of all significant transactions and dealings that incorporate the exercise of IP obligations. (This involves, such as, authorizations or delegation of rights; production, reproduction or delivery of original, patented items; and release and use of commercial secrets).
- Company will need, through obligatory policies or contracts with workers and contractors, that their staff complies with the relevant IP policies and the firm's IP laws and IP-related rights in agreements with other firms.
- Company will construct and execute a procedural system to help guarantee that all members abide by its IP laws. This administrative system shall incorporate all IP-related terms and conditions, measures and absolute records required for measurement, procedures, implementation and improvement of the company's IP safeguard and agreement program.
IP Compliance Team
Company's IP safeguard and management will be enforced through a multi-functional compliance crew, supervised by an Executive or CFO of the firm or designated leading administrator. The aforementioned compliance crew may engage any advocate or professional internally and/our external to the company to pursue their expert opinion in matters regarding performing the liabilities as mentioned in the IP Policy.
Range and Quality of Risk Assessment
Company will incorporate in its risk evaluation of new products, services and commercial opportunities, any pertinent IP safeguard risks.
Management of Business Associates
- Company will need its commercial associates to perform the procedures with the company obeying the concerned IP safeguard laws.
- Company will necessitate necessary risk evaluation and due thoroughness on all significant business affiliates, that shall involve an evaluation of such companies' IP safeguard and control.
Security and Confidentiality Management
- Company will manage physical insurance designed to efficiently safeguard trade confidences (wherever applicable) and other private information, and IP-related documents, tools, materials and other related resources.
- Company will be maintaining device and system security operative for safeguarding commercial secrets, additional secret and business related information, and IP concerning documents and records, and for reducing violations of the company's IP laws on the company's devices and networks.
- Company along with its workers shall outline trade agreements and other business information accessible to the third party on a restricted basis and conditional on company strategies and recorded documents containing enough confidentiality and other safeguard measures.
- Company shall be executing recorded classifies or unclassified contracts with third parties before the disclosure of any such classified data of the company to the same.
- Any IP created, constructed or produced by any of the workers/employees and representatives of the enterprise and/or advisors appointed by the organization, for the duration of their engagement, for and/or, for the company will be appointed by such members to the organization. Moreover, the company will in all possibility retain the exclusive proprietorship to such IP developed, produced or created except when established by the company in the form of an written agreement or as may be relevant by the pertinent IP policy.
Training and Ability Growth
- Company shall be providing an enduring level of training on IP safeguard and administration to every relevant worker.
- Company shall be providing focused training to those workers liable for the growth and enforcement of the IP safeguard, control and management program.
- Company shall be providing the necessary level of training on IP safeguard and control required for significant supply chain associates.
Monitoring and Measurement
- Company will be establishing and managing a protocol to supervise its performance and execution in running the company's significant IP related policies.
- Company will be integrating the data obtained from the IP management team via the supervising protocol into the complete assessment of its different sectors.
Corrective Measures and Improvement
- Company will be upholding a system to maintain a trajectory and handle the troubles in IP safeguard, control and observance uncovered through the supervising process. The monitoring system will recognize the curative measure to be opted, the duration and the answerable team.
- Company will be creating and enforcing a yearly or any such other steady and methodical betterment plan for IP control, observance, management and safeguard.
- In the event of infringement/breach of any IPR like trademark violation by any member/employee or any other third party contravening over the IPR of the firm, the compliance crew of the firm would initially look into the matter related with its associates and offer due recommendations to the CFO of the company for determination of such breach/infringement along with any requisite lawful course of measure.
IP Licensing and Assignment
- The company in all probability may authorize its IP to some of the associates, partners, subsidiaries or any such third party through several means of licensing protocols, for example: Restricted Licensing, Non-restricted Licensing, Exclusive Licensing or authorizing in general. The company shall be recording such IP authorizing via a license Contract where every such contact shall highlight the specifications for the appropriate usage of IP related to the company
- The company will possibly share its IP with any such partners, associates or third parties mediated by an authorized IP transfer contract on the clauses as may be considered absolute and necessary with respect to the company.
Jurisdiction
The IP Policy will be managed by the legal regulations of Republic of India and the courts at Mumbai, Maharashtra shall possess the authority over the same.