Importance of Patent Registration
Patent is an exclusive right for an invention provided by the law for a limited time to the Patentee. By patenting an invention, the patentee is able to control the making, using, selling or importing of the patented product or process for producing that product without his/her consent. For an invention to be patentable in India, the invention must be a new product or process, involving an inventive step and capable of being made or used in an industry. Patent registrations have a validity of 20 years from the date of filing of patent application, irrespective of whether it is filed with provisional or complete specification.
Patent registration applications are handled by the The Patent Office, Controller General of Patents, Designs & Trade Marks. Patent applications can be filed electronically with provisional or complete specification, at the appropriate Patent Office.
A patent is a right granted to an individual or enterprise by the government that excludes others from making, using, selling or importing the patented product or process without prior approval. In exchange for this right, the applicant must fully disclose the minutiae of the invention. A patent for a product or process that proves successful can give its owner a serious competitive advantage over rivals. It is valid for 20 years, after which it falls into the public domain. A patentable invention can be any art, process, method or manner of manufacture; machine, apparatus or other articles; substances produced by manufacturing; computer software with technical application to industry or used with hardware; and product patent for food, chemicals, medicines and drugs.
Important Aspects
CONCEPT
A patent is an exclusive right granted for an invention. A patent provides the patent owner with the right to decide whether or how the invention can be used by others.
ABILITY TO SELL
You can transfer or sell your patent to another person at your discretion. Some businesses exist solely to collect the royalties from a patent they have licensed.
PROTECTION
Like Company’s other tangible assets, a patent protects owner’s invention and its process from infringement happenings.
LOW-COST REGISTRATION
As a comparison to its driven benefits cost of patent registration is very low.
VALUABLE ASSET
It endures creation of intangible assets that can be sold, assigned & authorized to use.
VALIDITY PERIOD
Patent registration valid for 20 years and can be renewed again.
Procedure for Patent Application:
- Preparing And Filing Patent Application
- Attending To The Proceedings And Obtaining Provisional Papers After Necessary Follow Up.
- Publication In Official Journal
- Opposition If Any
- Examination
- Acceptance
- Grant Of Patent
Documents Required:
- Title Of The Invention
- Detail Write-Up Of The Invention
- Conventional Description If Any
- Drawing And Diagrams Illustrating Write-Up
- Salient Features Of The Invention
- Advantages Of The Invention
Frequently Asked Questions
A Patent is a legal right or say license granted by the government, giving an inventor the exclusive right to commercialize, make, use or sell his/her invention for a specified number of years in the market.