1.Intro: Problem solving, improvised and efficient measures, processes, products in every walk of life require creative thinking & novel ideas. These novel ideas may require prototyping. Prototyping develops the idea or early designing of process or product may need prototyping. Product designers, technical experts, design engineers usually process / create prototyping to hatch their ideas to life. Prototype simply means an early sample, model, or release of a product built to test a concept or process 2.Need for Prototype Protection: Prototypes helps in bringing idea to life but protecting these prototypes are challenging. Sometimes these prototypes are neglected to Continue Reading
Before venturing into any business, it is always advisable to know on the below pointers 1)Business Structure: formation of business entity like proprietorship concern, partnership, limited liability partnership, private limited, limited company. Choose which is more appropriate to you and your business type. 2)Founders Agreement: This agreement acts as guide to the founders and co- founders and protects the interests of promoters. Defines roles and responsibilities of each. Helps in the division of profits and losses. Addresses the concerns of shareholding. But well designed and drafted founders’ agreement is indispensable. 3)Business Licenses – Based on your business type Continue Reading
I) Introduction: Litigation can be disruptor to start-ups which are usually struggling to ground in market. Litigation is expensive, time consuming, reputational damage and draining. Strategizing to avoid litigation is crucial for business growth as well as business sustainability. II) Ways to Avoid Litigation: There is no straight formula to avoid litigations whether it is business or individual. But doing fair dealings, transparent transactions, good relationships with all the stakeholders, using well drafted terms, clearly defined policies and well-structured contracts, following all applicable laws, being compliant, following best practices and adhering to ethical business principles are key ways Continue Reading
Data is money in this data driven era and interestingly data everywhere including lot of free flow of data and information but the business which knows to how utilize the data for commercial gain are growing by leaps and bounds globally. Big data is another step to business success. The big data technology revolution is allowing businesses to realize the full potential of their data by commercial exploitation Big data is neithernovelnor alien in this data driven era but definitely part of emerging and trending technologies like artificial intelligence Big data and artificial intelligence are two trending words that Continue Reading
Lot of people dream to start a business but fear of risk and failure keeps half of them away. Those who venture into business also will have endless & countless questions ranging in their head as to where, when & how on each aspect of the proposed business & concerns around the legal is key among them. I) Different Layers to Law to Protect Business: Law and business go hand in hand and complement to each other. When business tries to override the law faces risk of penalty & punishment. Its known fact that risks are inherent in business Continue Reading
I) Introduction:Artificial intelligence (AI) is one new & emerging technology which has already disrupted many sectors and disruption is ongoing in the fields like law, education and finance. Plus, AI has large potential to disrupt the future. AI wave is sweeping by way for novel, advanced, and prominent innovations in different fields, industries and various walks of the life ranging from chatbot to predictive software. Thereby AI is challenging & disrupting the prevailing as well primitive practices and processes. II) Chatbots:Chatbots are no more foreign and we all get to use them often; Siri & Alexa are the popular illustrations. Chatbot Continue Reading
Accelerated digital transformation is boosting the challenge of data security & safety.Cybersecurity measures and privacy by design are gaining steady momentum. What is Privacy by Design? It is approach to incorporate the privacy principles while creating new technologies be it product or service. When privacy is added to technologies and systems while creating by default. What are the KeyPrinciples of Privacy by Design? Privacy by default like use of automatic protection of personal data, usage of tools to classify the data and so on Integration of privacy into the design of systems, software’s and services by addressing Continue Reading
Don’t go by there name petty as petty patents are useful and appropriate for an incremental invention or innovations. Petty patents are one form of intellectual property rights. Play big role in boosting the economy and promoting the innovations and minor inventions. Any business can reap the benefits in form of the complementary to the invention especially where invention lacks patentability but involves low inventiveness and improvements. Petty Patents can be boon to start ups and small business who is usually looking for budget friendly, swift registration and less formalities. What is Petty Patent? Petty patent is a patent Continue Reading
I)Why Egalitarian Differentiation in Binary Gender? Egalitarian simply means all people should be treated equal as all human beings are born equal. Egalitarianism can be instrumental or non-instrumental depending upon the conditions in which it used. Gender egalitarian in situation of gender inequality is non instrumental. So, to treat the gender inequality in the binary gender egalitarian differentiation is required. Gender egalitarian values impacts negatively the weaker gender which paves the way for egalitarian differentiation in the binary gender. II)Is Egalitarian Differentiation Between Binary Gender Needed in India? Answer is affirmative & historically women in India did not have Continue Reading
Risks are inherent in all kind of businesses and businesses without risk are nearer to impossible. Comprehensive disclaimer/s can go a long way towards mitigating and reducing those risks and helps in safeguarding your investment & efforts. The areas of risks you identify guides you through your choices of disclaimers to include & details to be incorporated therein. Why Disclaimers? Inclusion of appropriate disclaimers considering the business need and type of risks acts as an added layer of protection to safeguard to business. Disclaimers are important & integral part in ensuring your customers are aware of potential risks and Continue Reading
