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