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