Advances in Consumer Research
Issue:6 : 2878-2884
Original Article
Study of Intellectual Property Regulations Affecting Corporations in India and USA
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1.Institute of Legal Studies & Research, Faculty of Law, Mangalayatan University, Aligarh- U.P. (India)
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2.Institute of Legal Studies & Research, Faculty of Law, Mangalayatan University, Aligarh- U.P. (India)
Abstract

IPR is now a key strategic instrument in businesses where global knowledge economy is achieved. The volume of cross-border trade, digital innovation, and technology transfer leads to the fact that corporations have to deal with different intellectual property regimes as a means of protecting innovation, remaining competitive, and guaranteeing the maximum value of commerce. The intellectual property laws in India and United States have been comparatively studied in the research paper in a corporate standpoint. It also examines the laws of patent, trademark, copyright, trade secret and industrial design in the two jurisdictions and there are significant similarities and differences in the laws, enforcement and judicial interpretation. The paper further compares the manner in which organizations structure their intellectual property policies in response to regulatory conditions, regulatory compliance and market conditions in India and the USA. The paper will establish the issues that multinational corporations must manage and these issues are delay in enforcing the case, litigation costs, regulatory uncertainty and harmonization. The impact of the global agreements such as TRIPS on national IPs and mechanisms to comply with them by the companies is also discussed in the study. The research provides an understanding of the best practices in the management of corporate IP through a doctrinal and comparative legal approach and offers policy recommendations that will improve the protection of IP and will at the same time provide a balance between innovation, competition, and interest of the people. The paper ends by saying that the United States has a more developed and enforcement-based IP ecosystem and India is rapidly emerging as a better corporate IP protection, and thus this has forced corporations with operations in both jurisdictions to harmonize their strategies

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