Patent is a monopoly right given by the government to an inventor for a period of twenty years. Once granted, a patent gives an inventor the right to exclude others from making, using, selling, importing or offering for a sale of the inventors’ invention for a duration specified in the patent. After twenty years the patent falls under public domain there after anyone can use the invention without permission from patentee. Invention can be any new article, composition of matter, machine, process or any new value addition to the above said.
Patents are territorial rights, which means that an invention is only protected in the countries or regions where patent protection has been obtained. In other words, if you have not been granted a patent with effect in a given country, your invention will not be protected in that country enabling anybody else to make , use, import or sell your invention in that country.
Patent right can be shared whenever there are more than one patentees. Patent rights can be
a) Licensed or sold for a commercial consideration.
b) A right to initiate legal proceedings against infringement.
c) The patentee can commercially exploit its potential without fear of copying or imitation without the patentee’s permission during the term of patent.
A new product or process which involves an inventive step and capable of being made or used in an industry and should meet following criteria.
Inventions not pattentable
The content of complete specification includes abstract, field of invention, background of invention, prior art of invention, detailed description of drawing, and claims etc.