What is patent?

• Derived from latin word “patent” meaning

“to open”
• Exclusive right to use or exercise an
invention granted to a person for a limited
period in consideration of the disclosure of
the new invention capable of industrial
application
• Patent is a award for the inventor and
reward for the investor
 Patents are granted for inventions

• novel
• involve an inventive step
• be susceptible of industrial application
• be able to be described and reproduced
 Categories of different claims

• Product, process for its manufacture and

use of product.
• Process and apparatus for carrying out the
process.
• Product ,process for its manufacture and
apparatus for carrying out the process
 Example
• Invention of a spray bottle

 The bottle itself

 Chemicals in plastic
 Spraying mechanism
 How you extruded the plastic
 Non patentable inventions
• Anything contrary to well established natural
laws
• Anything contrary to the law for the time being in
force or use of which is prohibited eg any device
for theft
• Any invention injurious to public health
• Mere discovery of scientific principle or theory
• Dicovery of any living thing ore non living
substance occuring in nature
• A substance obtained by a mere
admixture resulting only in aggregation of
the properties of the substance is not
patentable
• A method of agriculture
• Any process for the treatment of human
beings
Head office of patent in kolkota
• The Patent Cooperation Treaty (PCT)
offers a simplified patent application
procedure for over 100 countries
worldwide. It enables inventors to file a
single international application designating
many countries, instead of having to file
separately for national or regional patents.
• In India patent is valid for 20yrs
 Importance

• Provide the necessary protection for newly

developed products or processes

• Basic inventions (protected by patents)

have created new industries and given rise
to new companies. Some examples: the
Xerox Corporation
• An active patent program can generate
revenue from the licencing of patents
which cover technology or business
processes that are not practiced by the
company example Qualcomm
• Patents provide increased overall
corporate value. Corporate valuation relies
greatly on a company’s intellectual assets,
such as patents
THANK YOU