INTELLECTUAL PROPERTY RIGHTS

The term “Intellectual Property Rights” refers to the legal rights granted with the aim to protect the creations of the intellect. Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the Read More …

Share this:

INTELLECTUAL PROPERTY RIGHTS,

Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people Read More …

Share this:

What is a ‘defective product’?

A ‘product’ can include goods, electricity and the component parts of any product. Where a component of or raw material incorporated into a finished product is defective both the manufacturer of the component and the manufacturer of the finished product Read More …

Share this:

NOVATION

Definition This is the substitution of an original party to a contract with a new party, or substitution of an original contract with a new contract. Upon substitution, the obligations of the withdrawing-party are automatically discharged and no express-release is Read More …

Share this:

PRIVITY CONTRACTS

Privity of contract is the relationship that exists between the parties to an agreement. This relationship is necessary in contracts. If you want to file a lawsuit involving a contract, you therefore need to show that you and the other Read More …

Share this:

BAILMENT

Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of Read More …

Share this: