The Global Significance of India’s Pharmaceutical Patent Laws

Patents are one of the major forms of Intellectual Property Rights (IPRs) used in the pharmaceutical industry. Significant changes to India’s patent system occurred after India signed the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement in 1995. India being a signatory of the TRIPS agreement was under a contractual obligation to amend its Patents…

COMPETITION ACT, 2002

Article 38 and Article 39 of the Indian Constitution guaranties social justice, political and economic welfare to the citizens of India. It is a part of Directive Principles of State Policies. Based on this the first Indian competition law came into existence- Monopolies and Restrictive Trade Practices, 1969 (MRTP Act). The objective of this Act…

QUASI CONTRACT

QUASI CONTRACT A quasi-contract is a fictional contract recognized by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems. The contract aims to prevent one party from unfairly benefiting from the situation at the other party’s expense. These arrangements may…