IGNOU MIP 108 Solved Assignment 2024-25

MIP 108 Solved Assignment 2024-25

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Course Code: MIP 108

Assignment Code: MIP 108 ASST/TMA/2024-25

Marks: 100

NOTE: All questions are compulsory

Note: Attempt all the questions and submit this assignment to the Coordinator of yourstudy centre. Last date of submission for July 2023 session is 31st October, 2023 and for January 2024 session is 30th April 2024.

Q1. When should an Intellectual Property Audit be conducted? Discuss.

An Intellectual Property (IP) audit should be conducted at various stages of a company's lifecycle to ensure that its intellectual property assets are adequately protected, managed, and leveraged. Here's a breakdown of when an IP audit should be conducted:

Start-up Stage:

Formation: An IP audit should be considered during the formation of a company or at the very early stages of its development. This is crucial to identify and protect any intellectual property assets that the company may have, such as trademarks, patents, copyrights, or trade secrets.

Investment or Funding Rounds: Before seeking investment or funding, conducting an IP audit can demonstrate the value of the company's IP assets to potential investors. It can also help in negotiating favorable terms and avoiding potential disputes.

Growth Stage:

Product Development: As the company grows and develops new products or services, it's important to conduct regular IP audits to identify any new intellectual property assets that may have been created. This ensures that these assets are adequately protected through patents, trademarks, or copyrights.

Expansion into New Markets: When expanding into new markets or territories, conducting an IP audit can help identify any potential infringements or conflicts with existing IP rights held by others in those regions.

Due Diligence: Before entering into any mergers, acquisitions, or partnerships, conducting a thorough IP audit is essential. This helps in evaluating the value of the intellectual property assets of both parties involved and assessing any risks or liabilities associated with them.

Integration Planning: Following a merger or acquisition, integrating the IP assets of both entities requires careful planning. An IP audit can help identify redundancies, gaps, or potential conflicts in IP portfolios, and develop strategies for consolidating or aligning these assets.

Litigation or Dispute Resolution:

Pre-litigation: In anticipation of potential litigation or disputes, conducting an IP audit can help assess the strength of the company's IP rights and identify any weaknesses or vulnerabilities that need to be addressed.

Settlement Negotiations: During settlement negotiations or alternative dispute resolution processes, an IP audit can provide valuable insights into the strengths and weaknesses of the parties' respective IP positions, facilitating more informed decision-making.

Regular Reviews:

Periodic Audits: Even during stable periods, conducting periodic IP audits (e.g., annually or biennially) is advisable to ensure that the company's IP strategy remains aligned with its business objectives and to identify any changes in the competitive landscape or regulatory environment that may impact its IP portfolio.

In conclusion, an IP audit should be viewed as an ongoing process rather than a one-time event, with regular reviews conducted at key milestones in the company's lifecycle to maximize the value of its intellectual property assets and mitigate potential risks.

Q2. Define open source. Distinguish between freeware and free software.

Q3. What is Patent Mapping? Discuss the purpose and objectives of patent mapping.

Q4. Discuss the differences between utilitarianism and Non-utilitarianism theories of IPRs.

Q5. Explain the economic nature of IPR goods. Differentiate between invention and innovation.

Q6. Explain the situations where valuation of IP is important for an organisation.

Q7. What is a sole license and how it is different from exclusive license? Explain the types of intellectual property licenses?

Q8. Differentiate between income based, cost based and market based method for valuation of patents.

Q9. Write briefly various types of royalty payments.

Q10. Discuss the determinants of IP Strategy.

Q11. Distinguish between Open and Closed Standards.

Q12. Explain the different stages involved before the invention reaches from mind to patent.

MIP 108 Handwritten Assignment 2024-25

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Important Note - You may be aware that you need to submit your assignments before you can appear for the Term End Exams. Please remember to keep a copy of your completed assignment, just in case the one you submitted is lost in transit.

Submission Date :

31st March 2023 (if enrolled in the July 2024-25 Session)

30th Sept, 2023 (if enrolled in the January 2024-25 session).

IGNOU Instructions for the MIP 108 Assignments

MIP 108 Management of IPRs Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.

3. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).

4. Use only foolscap size paper for your response and tag all the pages carefully

5. Write the relevant question number with each answer.

6. You should write in your own handwriting.

GUIDELINES FOR IGNOU Assignment MIP 108023-24

MIP 108 Solved Assignment 2024-25 You will find it useful to keep the following points in mind:

1. Planning: Read the questions carefully. Go through the units on which they are based. Make some points regarding each question and then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write the answers in your own words. Do not reproduce passages from the units.

2. Organisation: Be a little more selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarise your response to the question. In the course of your answer, you may like to make references to other texts or critics as this will add some depth to your analysis.

3. Presentation: Once you are satisfied with your answers, you can write down the final version for submission, writing each answer neatly and underlining the points you wish to emphasize.

IGNOU Assignment Front Page

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MIP 108 Handwritten Assignment 2024-25

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