Economy Terms- Process vs Product Patents, Trademark vs Sound Mark for UPSC by Dr. Mrunal Patel

0. 📰 Tomorrow Wednesday 9pm free live-streaming Economy Annual Win26 Lecture#2 on Unacademy Link: https://unacademy.com/class/mrunals-win26-economy-pill1cd-sharemarket-insurance/GD7MMOTL 1. 👩🏻‍🏫 Prelims + Mains Coaching: https://unacademy.com/goal/upsc-civil-services-examination-ias-preparation/KSCGY/subscribe?plan_type=plus&referral_code=mrunal.org 2. 😵‍💫 UPSC Form filling helpline https://docs.google.com/forms/d/e/1FAIpQLSd8k6iPk5TOpDwzB1TWX0_npXk8GK8k7ZlYmHBzNTcJD95Mvw/viewform?usp= 3. 📰 Mrunal’s Win26 Economy Series mrunal.org/win26 4. 📘 Amazon pe Mrunal’s Economy Book: https://amzn.to/3Jb5rf7 Timestamps: 00:00 IPR & Patents Intro 00:08 Process vs Product 01:38 WTO & TRIPS Laws 03:00 Evergreen Patents 04:42 Compulsory License 05:54 Win26 Free Classes 08:24 Utility/Design Patents 10:30 Trademarks Types 11:58 Kingfisher Sound Mark 13:08 Unacademy Offer **YouTube Description:** In this session, renowned UPSC Educator and Economy Expert Dr. Mrunal Patel explains the complexities of Intellectual Property Rights (IPR). This video is essential for aspirants of UPSC, SSC-CGL, StatePSC, Banking, IBPS, RBI, CAPF, CDS, and other competitive exams. The lecture begins by decoding the shift from Process Patents to Product Patents. Before 2005, Indian laws allowed reverse engineering, enabling our pharma sector to produce affordable generic medicines. Following the WTO TRIPS agreement, India moved to a product patent regime. Dr. Patel explains "Evergreen Patenting" and how Section 3(d) of the Indian Patent Act prevents companies from extending patents through minor tweaks that lack true innovation. A key highlight is Compulsory Licensing. Using the famous Bayer vs. Natco case, Dr. Patel illustrates how the Indian government can authorize generic production of life-saving drugs in the interest of public health, ensuring affordability. The discussion extends to Utility Patents, Design Patents, and Trademarks. You will learn the difference between Conventional marks (logos/symbols) and Non-Conventional marks like "Sound Marks," using Kingfisher’s recent registration as a case study. Dr. Patel also provides a summary of major IPR laws in India. For students targeting UPSC 2027-28, Unacademy offers a special deal: get 12 months of subscription for the price of 6. Use the discount code "Mrunal.org" to unlock courses on GS, CSAT, and Mains answer writing. Additionally, Unacademy mentors are available to help you via the Google Form linked below. Subscribe for more Economy updates and stay ahead in your exam preparation. UPSC Economy, Mrunal Patel, Product Patent, IPR India, Economic Survey, Compulsory Licensing, Utility Patent, Sound Mark, Kingfisher, Unacademy, SSC CGL, Banking Exam, IPR Laws, UPSC 2025, Mrunal.org.