Tags: permanent, patent, intellectual, property
The complete patent is an exclusive legal right of an inventor, giving him/her the legal authority to exclude others from making, using, selling, offering for selling or importing a particular invention. This right vests in the patent for 20 years, from the date of filing. The validity of 20 years is set to inspire people to create more or to add to their innovation. The holder of the patent is entitled to sue any person who violates the patent and chooses who to sell, grant or licence the patent.The charitable company is registered under Section 8 of the Companies Act, 2013, which provides it special status due to its objects. Compared to other types of companies, Section 8 company enjoys various exemptions and relaxations.
The patent registration gives the patent owner the right to prohibit others without the permission to make, use, sell, offer or importing patented inventions to others for profit purposes. On the other hand, the patent owner may determine who can use it according to negotiated terms and thus hold rivals at a disadvantage.
It gives the patent holder the legal right to file a case of infringement if anyone tries to exploit the patent without the owners’ permission. The patentee, his/her assignee, licensee, or agent has the right to institute a civil suit in a court not lower than District Court in a case of infringement.
If an invention is patented, it indirectly improves the brand value and can allow the company to charge the consumers a higher price. Especially if a product which is extremely useful on the market helps to extend the patent proprietor ‘s valuation.
The patent is a great asset and can to extract way more significant monetary benefits than any other intellectual property if managed intelligently. The owner can license, assign, or sell its patent whenever needed. Many pharmaceutical companies have made great profits through their patented products through licensing, assigning, etc.
Title of the invention
Name, address, contact details and nationality of each applicant for the patent.
Detailed description of the invention and details about what the patentee wants to claim out of the invention
Technical details about the invention and drawings along with copy of Provisional patent (if filed)
Dsc of the applicant, if the applicant does not have DSC, it can be provided by TaxClue with an additional charge
These documents are required for procuring subsidized cost
Why should one patent the invention?
Should I apply for a patent in India in my name or in my company name?
Can a published or disclosed invention be patented?
What are the criteria of for patentability?
An invention needs to have these three main qualities to be patentable:
i) Novelty – invention should be new; and
ii) Inventiveness (Non-obviousness) – needs to have an inventive step that makes the invention unique; and
iii) Industrial utility / Usefulness – it should not be a mere prototype but it should be working and has to have some use.
iv) It should not attract the provisions of section 3 and 4 of the Patents Act 1970 which describes non-patentable invention in India.
Is it mandatory to always file a provisional patent before filing the complete specification?
Is the patent valid outside India?
A patent filed in India is valid only in India. To register a patent in other countries, separate patents should be filed in the respective countries. No patent is global.
However, filing an application in India enables the applicant to file a corresponding application for the same invention in convention countries or under PCT, within or before the expiry of twelve months from the filing date in India. Patents should be obtained in each country where the applicant requires protection of his invention.
How does a patent expire?
How can I monetize my patent?
Are there any government fees included by TaxClue.co.in in the Package?
Are there any additional charges for adding more than 10 claims in the patent application?
Are there any benefits if I hold a MSME certificate for my entity or only certification of start-up India endows me with rebated fees?
Is there any difference in government fees if I apply a physical application instead of an online one?
Like trademark is there an automatically generated examination report after filing the patent application?
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