Patent Complete Registration in India
Intellectual Property
Intellectual Property refers to the creative aspects of the mind, such as inventions, literary and artworks, designs, symbols, images, etc., that are protected by law. There are different methods by which one can protect intellectual Property. Patents, copyrights, trademarks, etc., are examples of intellectual property protection methods.
What is a Patent?
A patent is a license or permits authorized by the government to confer a legal right. The primary right is the sole ownership of the product and excluding others from making, using, selling, or importing the patented product without the owner's consent. A patent is usually granted to an inventor to protect their invention. An invention implied a new product or process involving creativity and applied to or capable of industrial application.
Types of Patent
There are three types of patents in India.
Utility Patents
It is granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or composition of matter or any new and useful improvement thereof
Design Patents
It is granted to anyone who invents a new, original, and ornamental design for an article of manufacture
Plant Patents
It is granted to anyone who invents or discovers and asexually reproduces any distinct and new variety of plant
Reasons to obtain Patent Registration in India
- Patent registration is required for many reasons. Some of them are listed below:
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It gives legal rights over the product or process invented
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It reduces the tax rate on patented products
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Patenting a product gives the inventor an intangible asset and related rights and actions that come with it
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It gives the inventor an edge over its competitors