Intellectual property (IP), though intangible, is probably the most important form of property today. The definition of IP has widened with the growth of international trade and globalization of the economy, giving the whole business a new paradigm. IP, having developed into a powerful commercial...
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It can safely be said that payment of bonus under incentive bonus scheme cannot be regarded as payment of statutory bonus. Not only can such payments not be equated with any custom, but they also do not stand on the same footing as that of an agreement or settlement with the employer for payment of...
