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Every company involved in the import-export business shall obtain an IEC( Import Export Code) by the Directorate General of Foreign Trade. Without an import-export registration, a company will not be able to make any export or import in the country unless specified otherwise by the DGFT.

The Indian Patent Act, 1970 provides for various provisions for patent restoration upon expiration, but the expired patent renewal process can be tedious and expensive. To avoid such costs and save time, the patentee must file for renewal of the patent on time.

The development of Intellectual Property law has allowed people to protect their innovative ideas and profit from them and has opened up several career options. Out of many career options, one such option is becoming a patent agent. Patent Agents are agents authorized by law, involved in drafting and filing patent applications.

Startups are emerging as the future of the business world. They are small business setups with creative ideas . They bring in opportunities for job creation and capital growth with a boost of innovation and can contribute a lot to the development of the economic system of a country.