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Patents

Patents provide exclusive rights to inventors for new and innovative solutions. To be granted a patent, an invention must be novel, involve an inventive step beyond what would be obvious to experts in the field, and have industrial application. Patents have a term of generally 20 years from the filing date and provide benefits like establishing a place in the commercial market by reducing competition and allowing inventors to profit from licensing or selling their patented inventions.

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24 views6 pages

Patents

Patents provide exclusive rights to inventors for new and innovative solutions. To be granted a patent, an invention must be novel, involve an inventive step beyond what would be obvious to experts in the field, and have industrial application. Patents have a term of generally 20 years from the filing date and provide benefits like establishing a place in the commercial market by reducing competition and allowing inventors to profit from licensing or selling their patented inventions.

Uploaded by

stpmp24
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PATENTS

MOHANA PRIYA S T P
2023614028
RM3151-RESEARCH
METHODOLOGY AND IPR
OUTLINE

 Patents
 Objectives &
Benefits Of Patent
 Features Of Patent
 A Patent grants the inventor exclusive rights

 Inventors must disclose technical details in a


patent application

 Patents are for new and innovative solutions


WHAT IS A PATENT?
 Patents provide exclusivity for up to 20 years

 Invention must meet universal criteria to be


granted a patent
These conditions of patentability criteria are
universal they are
 The inventor must make sure that the
invention consists of one or more new
elements - NOVELTY
THE CONDITIONS OF  The invention should be unique and not a
PATENTABILITY straightforward or common solution for
experts in that field – NON OBVIOUSNESS
 If the novel and non-obvious inventions have
some industrial application, the invention
qualifies to be patented – INDUSTRIAL
APPLICATION
• The foremost advantage of obtaining a
patent is that it gives exclusive rights to
the inventor.
• Obtain higher returns on the investment
• Reducing the competition and thus
OBJECTIVES OF establishing a place in the commercial
PATENT market.
• Patents give the inventor the security
and confidence
• The inventor can sell or license the
rights to commercialize it to another
enterprise
• Patents are intangible assets that
improve the value of an organization
• Including inventions that are new, involve
an inventive step, and are capable of
industrial application
• An Invention must be new and involve an
inventive step
FEATURES OF PATENT • It undergoes examination by the patent
office to assess its novelty, inventive step,
and industrial applicability.
• The Act specifies the term of a patent,
which is generally 20 years from the filing
date
• A patent grants the patent holder exclusive
rights to exploit the invention commercially
• Patents are typically territorial, meaning
they are valid only within the country or
region where they are granted

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