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PATENT

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Patent

What Is Patent?

A patent is a grant from Government, which confers on the grantee for a limited period of time, the exclusive privilege of making, selling and using the invention for which a patent has been granted and also of authorizing others of doing so.


What are the requirements of Patent?

Requirements of Patents are:

The subject matter should be new. This is test of novelty.

It should be useful. This is test of utility.

It should be an invention. It should be non-obvious.

It should be a manner of manufacture, i.e. it should be capable of industrial application.

Vendibility test (i.e. test of marketability) is important - the subject matter should have commercial purpose.

Any invention which satisfies the definition of invention given in the Act may be patented. Invention means a new product or process involving an inventive step and capable of industrial application. Inventive step means a feature that makes the invention not obvious to a person skilled in that art. Capable of industrial application in relation to invention, means that invention is capable of being made or used in an industry.


Advantages of Patents :

- A patent gives the inventor the right to stop others from manufacturing, copying, selling or importing the patented goods without permission of the patent holder.

- The patent holder has exclusive commercial rights to use the invention.

- The patent holder can utilize the invention for his/her own purpose.

- The patent holder can license the patent to others for us. Licensing provides revenue to business by collecting royalties from the users.

- The patent holder can sell the patent any price they believe to be suitable.

- The patent provides protection for a predetermined period (20 years) which keeps your competitors at bay.

- Patents are partially responsible for advancements in medical science, biotechnology, drug chemistry, computers etc.

- Patents reward inventors with the aforementioned advantages and hence, creates bigger and better discoveries.


What is our role?

We aim to provide a patent function for organizations which require in-house expertise and service without incurring the expense of appointing full time personnel. We will undertake most types of patent work typically provided by an in-house patent function, including patent drafting, prosecution and opposition, and will advise on patentability, infringement and right-to-practice matters. We also provide advice regarding intellectual property management and strategy for organizations which use intellectual property as a key component of their business strategy, and can assist in due diligence for acquisitions, disposals and financial investments

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Patent

Patent

It should be an invention. It should be non-obvious.