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Critical analysis on Trade Secret protection in India

The 21st century is the era of technology. Every now or then-new technology is coming to make our life more comfortable and easier. We can say that the 21st century is also the era of great competition where everyone wants to be at the top of their game. Whether it’s a small business or a multi-international business, everyone has a secret that makes them distinguishable which is commonly known as a trade secret or confidential information. At some point or the other, we thought about what that trade secret means, what is its importance and why a company/organization invests so much to protect their trade secret, and what will happen when the trade secret will be public? A trade secret is a practice or process of a company that is not known by the other company. Trade secrets provide the economic benefits to the company over their competitors to stand out from the completion. Some of the most famous examples of trade secrets are the algorithm used by Google in their google search engin...

Consumer Protection (E-Commerce) (Amendment) Rules, 2021

The Consumer Protection (E-Commerce) Rules, 2020 were amended on 6th June 2021 in light of greater accountability from the e-commerce platforms, protection of interests of consumers and encouragement of free and fair competition in the market.  With the advent of the corona, e-commerce platforms have become a thing of commonplace and are being more frequently utilized for procurement of goods and shopping. This gives a greater prerogative on the platforms and the government to ensure safe transactions and consumer friendliness of the same.   Following are the changes that have been brought forth: More definitions and elucidation of terms have been done in the definitions of the rules with words like flash sales, misrepresentation and cross-selling being covered under the ambit of the act. A provision for the registration of e-commerce platforms in the Department for Promotion of Industry and Internal Trade (DPIIT) has been made with the allocation and prominent display of...

Non-Fungible Tokens: Are they legal?

Non–Fungible Tokens have grabbed a lot of attention of people in the year 2021 as in March of this year the most expensive NFT was sold at a whopping price of $69.3 million (approx. 512 Crore INR) in an auction, this artwork was created by an artist known as Beeple. The amazing thing here is that any person can see this image over the internet for free, and at such a high price the owner only gets a digital image in the form of NFT and some rights with it and nothing else.  A NFT is a token created digitally for an artistic work, song or an image in order to sell the work and provide certain rights related to it to another person, it is based on the Blockchain technology, which is basically a chain of blocks that are linked together using cryptography, these blocks contain information similar to a ledger which is distributed across all the computers having that particular blockchain. It has the property that if one value of a block is altered then the value of all the blocks preced...

Integrity of Intellectual Property in CyberSpace

In the current times, with the advent of the cyber wave, an idea is one’s only till he keeps to himself, once disclosed, it suspends itself into the ownership of everybody, and the inceptor can't commandeer himself of it. The idea tends to spread, for the good and shared guidance of man, and improvement of his state, thus appearing to have been particularly and generously planned. Innovations then, at that point despite constraints, in nature are difficult to be a subject of property with their wide-reaching and international phenomenon not being confined to a specific political domain lending to its multi-jurisdictional nature.   Innovation is vital as it has altered the life of every person in the world. Intellectual property laws, therefore, can and should play a role in stimulating innovation. Intellectual property rights limit the public access to make works based upon other work and excessively promotes the overproduction of inventoried works. They also discourage any i...

Dark Web: Safe or unsafe? Truth Revealed!

  The dark web is the part of the internet that is not visible to search engines. With the advancement in technology, digitization has resulted in different types of attacks. We can talk to anyone as long as we have an internet connection. The main concern is with privacy and anonymity in mind.  A team of computer scientists and mathematicians working for one branch of the US navy which is known as the Naval Research laboratory (NRL), developed a new technology known as Onion Routing. It allows anonymous communication where the source and destination cannot be determined by the third party. A network using the Onion Routing technique is classified as Darknet. The NRL released the Onion Routing Technique and it became The Onion Router, also known as TOR. Advantages of Dark Web  Humans are allowed to hold privacy and express their views freely. Privacy is considered to be critical for honest persons through the different criminals and stalkers.  The growing tendency of...