Patents


Patents

    • Patent is a right exclusively used for ideas but it is of commercial use. Patents are generally of three types viz. Novelty, non-obviousness and novel art.
    • A patent is the right of an individual or of a company/ organization to gain profit from a particular invention or unique manufacturing process.
    • A patent is an intellectual property relating to scientific and technological inventions.
    • It is granted by the government of the country to the applicant and gives the inventor the right for a limited period to prevent others from using that invention in any form without permission.
    • Like any other form of property, a patent can be transacted purchased, sold or even mortgaged.
    • Patent law protects inventions it gives the patent holder a right to prevent others from participating and practicing the inventions without a license from the inventor for a certain period of time.
    • Patents can protect the functional features of a process, machine, manufactured item, asexually reproduced plant or composition of matter.
    • The main Amendments to Indian Patent Act are; new chemical entity will not be treated as patent, they must pass the test to complete patent and registration in any member country is applicable to all members of WTO.

Last modified: Monday, 12 March 2012, 6:39 AM