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Specialized applications to Individuals:

The ownership of rights of an individual in intellectual property he created depends upon capacity in which he is working and terms of agreement, if any. In general,

• Independently working freelance professionals and consultants, have full right of their own on every of their independent intellectual creation.
• Rights of work done in the course of employment belong to the employer. In case of consultants and employees, terms of the agreement may provide a different situation.

A competent advise taken by an individual professional may go a long way to achieve better success and justified returns.

• Expenses of protecting IPR is usually the most important issue in many cases of inventions and inventive individuals.
• It may be prudent to go for associating with a financer who is prepared to share risks and benefits on mutually agreed terms.

We are on a move to develop a network which can be useful for commercializing intellectual creations of creative individuals.

• Some changes which are indirectly connected to Intellectual Property and beneficial to individuals relate to the provisions of Equity which can be now be given as per latest amendments in the Companies Act in lieu of intellectual contribution. A technocrat can now aspire to reach to his due position in the industry independent of competition with others.