India and Denmark pen MOU on IPR

MOU

The Department for Promotion of Industry and Internal Trade (DPIIT) India and the Danish Patent and Trademark Office (DKPTO) Denmark have penned a Memorandum of Understanding (MOU) on Intellectual Property Rights (IPR) on 26 September 2020 to elevate the cooperation in the areas of IPR. The MOU focuses on increasing IP cooperation between the two countries. The MOU is valid for four years and would be renewed on a rolling basis. The two sides would be drawing up a biennial work plan to implement the MOU.

The major features that are covered under the MOU are as follows:

  • Exchanging of best practices, experiences and knowledge on IP awareness among the public, authorities, businesses and research and educational institutions of both countries;
  • Collaboration on training programs, exchange of experts, technical exchanges and outreach activities as specified in the Work Plan agreed upon between the Parties;
  • Exchange and dissemination of best practices, experiences and knowledge on IP with the industry, universities, R & D organizations, authorities and Small and Medium sized Enterprises (SMEs) through participation in programs and events in the matter, organized singly or jointly by the Parties;
  • Exchange of information and best practices on processes for disposal of applications for patents, trademarks, industrial designs and Geographical Indications, as also the protection, enforcement and use of IP rights;
  • Cooperation on the development of automation and implementation of modernization projects, new documentation and information systems in IP and procedures for management of IP;
  • Cooperation on the understanding of how Traditional Knowledge is protected; including the use of traditional knowledge related databases and awareness raising of existing IP systems; and
  • Sharing experiences and best practices in respect of IP-related issues including inter alia financial services like IP valuation and appraisal, so as to facilitate the implementation, trade and commercialization of IP.

The features mentioned in the MOU would allow both the players to have a broader perspective of the IPR. This would be a defining step for India in putting itself towards being a major player in the global innovation with the knowledge and expertise exchange.

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