I n today's knowledge economy, intangible assets are valued more than tangible ones (Dué, 1995). Intellectual property (IP) rights are an umbrella used to legally protect the intangible products of the human mind, for example, inventions and artistic works. A laboratory notebook is the birthplace of inventions. It helps to understand the progress path of an experiment, avoids dead ends and repetition of errors, serves as a guide for future research direction and helps to generate IPs and technology transfer. Despite the fact that every researcher is aware of the concept of keeping a laboratory notebook, the true potential and legal implications of doing so are typically unknown. As developing countries emerge in the field of IP, the laboratory notebook and its proper maintenance become important (Jajpura et al., 2017). Figure 1 shows how a lab notebook can act as the central coordination point of the IP management system in an academic institute.
THE LEGAL PERSPECTIVE OF USING LAB NOTEBOOKSThe inventor's lab notebook is a legal record of inventorship and consequently plays a crucial role in protecting IP. The law requires the true and first inventor or its assignee to file a patent application (Section 6 of the Indian Patents Act 1970; 35 U.S.C. 100). A properly organized and well-maintained laboratory notebook systematically includes all essential background and references, explanations behind the experiment, procedures to perform the tests and the results (Grissom & Pressman, 2006;Hughson, 1979). Therefore, a lab notebook can help legally KEY WORDS Laboratory Notebook Innovation Intellectual Property Management Patent Research NOTES AND COMMENTARIES presents preliminary research, review of literature and comments on published papers or on any relevant subject