Startups
A startup is a venture or a company that is started in order to provide solutions to certain problems that have never been answered before or to provide better solutions to the ones that are already existing.
In terms of entrepreneurship and business, India ranks third in the global list of countries with the largest startup ecosystems, right after the U.S.A and U.K. In 2016, the Government of India launched a flagship initiative called “Startup India” to build Startups and nurture innovation. Through this initiative, the Government of India is trying to empower Startup ventures to boost entrepreneurship, economic growth and employment across India. A startup recognized by the Department of Promotion for Industry and Internal Trade (DPIIT) under the Ministry of Commerce is entitled to various benefits provided by the Government of India.
Intellectual Property Rights benefits for Startups in India:
The Government of India in 2016 launched a scheme named “Startups Intellectual Property Protection” (SIPP) under their Startup India initiative with the aim to provide Indian innovators with the resources to protect and commercialize their intellectual property.
This scheme facilitates quick filling of IPs i.e. patents, trademarks and design by startups. The official fee for filing patents is reduced by 60% and the official fee for filing trademarks is reduced by 50% for startups.
The services we provide to Startups:
Legal Consultation.
We provide legal consultation to all startups with regard to the applicable laws and regulations in order to safeguard their business and Intellectual property. In order to support startups, we offer the first legal consultation free of cost.
Drafting of Commercial Agreements.
We assist startups in drafting and negotiating several essential agreements such as Investment Agreements, Vendor Agreements, Master Service Agreements, Employment Agreements and Confidentiality Agreements amongst many others.
Framing of Website Policies.
In a world that is always online, it has become necessary to have a website to provide information and promote a business. We assist startups by drafting policies such as Privacy Policy, Terms of Service, Intellectual Property Rights Policy, IP Infringement Policy, Community Guidelines, API Policy, amongst various others in order to legally safeguard themselves online on their website platform and mobile applications.
Protection of Intellectual Property Rights.
We assist startups to safeguard their IP by registration of their Trademarks, Copyrights, Patents, Designs, Trade Secrets, etc. Further, we also assist startups in commercializing their IP by drafting and negotiating of sale/assignment agreements or licensing agreements.
We also assist startups to effectively monitor and enforce their IP against infringers and notorious impersonators.
Litigation.
Our team of specialized attorneys also provides legal consultations and guidance to startups with their litigation matters.