Management and Risk Control Framework for Securing Intellectual Assets Transactions.

Prakash Deb Roy, Senior Associate – Legal , Cognizant Technology Solutions, India
Utsab Banerjee, Manager Legal, Cognizant Technology Solutions, India

Adopting corporate governance standards for cross-jurisdictional transactions is a norm for an efficient business ecosystem. Globally, we find de facto and de jure standards, like Basel norms for banking, OECD (Organization for Economic Co-operation and Development) standards on contracts, IFRS (International Financial Reporting Standards) and GAAP (generally accepted accounting principles) for accounting, etc., to govern transactions. However, in the case of intangible issues, specifically involving intellectual property (IP) dealings that contribute to the market book value/fair value, there is a dearth of adoption standards. There are conflicting ways of treating intangibles between the US GAAP and IFRS standards.

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India Intellectual Property IT November 2020 Vol.13, No. 53, Autumn 2020

Prakash Deb Roy


Prakash Deb Roy works as Senior Associate – Legal at Cognizant. He is responsible for the organizations in-house intellectual property analysis and allied processes. He has received his Bachelor of Laws (Hons) in Intellectual Property Law from Indian Institute of Technology, Kharagpur and a Bachelor of Technology in Computer Science & Engineering from WBUT

Utsab Banerjee


Utsab is an in-house manager in legal department of Cognizant technology solutions pvt. ltd. He is heading a team of 3 attorneys specialized in intellectual property. He has a a total work experience of 8 years in companies like Samsung, Tata Consultancy services and ARC document solutions. He specializes in patent, copyright and trademark for US, India and EP.

Cognizant Technology Solutions


Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant, a member of the NASDAQ-100, is ranked 205 on the Fortune 500 and is consistently listed among the most admired companies in the world.

India Intellectual Property IT November 2020 Vol.13, No. 53, Autumn 2020