Patent
An innovative product or a process with
an inventive pace and capable of industrial application can be patented. A patent Grant allows the owner to prohibit others from making, using
or selling, or importing the invention
for a period of twenty years from the date of application.
Conditions for Patent
Following conditions require to be
satisfied to obtain a Patent Grant:
i.
A new Scientific Invention
ii.
Involves an Inventive step
iii.
Capable of Industrial applicability.
Right provided by Patent
The
right to prohibit others from make, use,
sell, import and/or offer the invention for sale. Anyone is free, however, to
engage in such activities unless there is a law prohibiting it.
Why to Protect the Invention
i.
It provides a monopoly to the inventor
ii.
Earns high profit margin
iii.
Reduces competition
Term of Patent
An
Indian patent grant is valid for Twenty Years
