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Role of IP in facilitating the transfer of technology

Explore the importance of Intellectual Property (IP) in supporting the transfer of technology in Sri Lanka according to the IP Act No. 36 of 2003. Understand how IP ensures the proper acquisition, protection, and management of rights, focusing on patents and undisclosed information. Discover the rights, periods, and distinctions between protected and non-protected technology, emphasizing the significance of IP in promoting technology dissemination and innovation.

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Role of IP in facilitating the transfer of technology

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  1. Role of IP in facilitating the transfer of technology

  2. IP: • Is a set of rights resulting from human creative efforts which covers areas such as literary and artistic works, inventions, industrial designs, marks, geographical indications, new plant varieties and undisclosed information. Current Law in Sri Lanka: IP Act No: 36 of 2003

  3. IP • Ensures due acquisition of rights and management, protection and enforcement of the acquired rights.

  4. Technology • Can be either protected or non-protected. Patents is the primary mechanism for protection. Undisclosed information can be used but no remedy if independently identified.

  5. Patent : Invention – a practical solution to a problem in technology (product or process) • Invention: patentable if new, industrially applicable and involves an inventive step • Rights : use, assign, license • Period : 20 years from application

  6. Rights (Exclusive) - to use, assign and license - third parties prohibited, without authorization from exploiting - infringement results in civil remedies/criminal liability

  7. Non-protected Technology - Non-patented or patented but period of protection has lapsed - Can flow freely ……………….!

  8. Protected Technology (patented) • Belongs to the patentee/ owner of the patent • Those who want to use must acquire right through due process

  9. Transfer • Assignment • Licence

  10. IP : helps promote creations, acquire rights and management, enforcement & dissemination of technology

  11. Thank You

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