Now Get Loans on Trade Marks – Patents

MIDC Industries Association (MIA) invited Shri Pradeep Jaiswal Chief Public Relation and Shri Pantawne Officer from Rajiv Gandhi National Institute of Intellectual Property Management, Nagpur for an interactive session on Intellectual Property and Registration procedure for Trade Marks – Patents.

Shri Jaiswal explained to the members that Brand name, Logo, Process and Product all fall under intellectual property. He explained the process of registration under Controller General of Patents & Trademarks in details. He elaborated further that normally an Industry or Trade organization mortgages property i.e House or Factory Building for obtaining loans from financing institutes. These people are not aware that Patents or Trade Marks can also be mortgaged to Banks and other financing institutes. Value of these can be arrived at the popularity of a Brand and usefulness of a Patent. When people can sell Patents then why can’t they mortgage the same for obtaining loans.
Shri Jaiswal further explained about activities of Rajiv Gandhi National Institute of Intellectual Property Management, Nagpur. There are regular Training Programmes like

1. An Introduction to the IPR (for beginners).
2. Drafting & Processing of Patent Application.
3. Patenting System in India.
4. Design, Trademarks and Geographical Indication.
5. Patent Search.
6. Patenting in Engineering in the institute and requested MIA members to make use of these important courses for their own benefit.

Member wanted to know about unusual long time taken for Trade Mark or Patent registration. Shri Jaiswal explained that department was under staffed but now with new recruitments the time will be reduced
President MIA Capt. C. M. Randhir while summing up lauded the effort of Shri Jaiswal for educating MIA members on very important issues like Trade Mark & Patents and advised all the members to take benefit. Following members were present Shri Chander Khosla Past President, Shri Shekhar Bendre Vice President, Shri G. L. Neema Treasurer, Shri S. M. Patwardhan, Member of MIA, Shri K. Karmakar, Shri Majumdar, Shri Ganesh Ballamwar, Shri N. K. Bhandari, Shri A. M. Omkar, Shri Tirupati Tatewar, Unit members.