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A Patent is a legal right granted to an inventor that gives them exclusive control over the use, distribution, and commercialization of their invention. This intellectual property right allows the patent holder to decide how their invention can be utilized by others. By securing a patent, inventors protect their innovation from unauthorized use and infringement, ensuring that their intellectual effort remains their exclusive asset.
1. Concept: A patent is a government-granted exclusive right given for a unique invention. It empowers the patent owner with the authority to determine how their invention is applied by others. This includes control over its usage, distribution, and commercialization.
2. Valuable Asset: Patents create intangible assets that hold substantial value. These assets can be sold, assigned, or licensed to others for use under the terms dictated by the patent owner. This opens the door to potential revenue streams, allowing inventors to profit from their innovation.
3. Protection: Like tangible assets owned by a company, a patent protects the invention and its process from infringement and unauthorized usage. This protection ensures that others cannot use, manufacture, or sell the invention without the patent owner’s permission.
4. Low-Cost Registration: When compared to the long-term benefits that patent protection offers, the cost of patent registration is relatively low. Securing a patent protects the invention for up to 20 years, allowing the inventor to fully commercialize their innovation.
5. Patent Globally: Many foreign countries mandate that an inventor registers their patent in their home country before applying for international protection. This makes domestic patent registration an essential first step in securing global rights to the invention.
6. Validity Period: Once granted, a patent is valid for a period of 20 years from the date of filing. After this period, the patent can be renewed, ensuring that the invention continues to be protected and offers commercial advantages.
Why Should I Patent My Invention?
By registering your patent, you transform your invention into an intellectual property right that can be commercially leveraged. Patent registration not only grants you an exclusive right to commercialize your invention but also ensures that others cannot infringe upon it. For a period of 20 years, you have full control over how your invention is used legally and commercially, allowing you to extract maximum benefits from your innovation.
Step-by-Step Patent Registration Process
- Upload Required Documents: Provide the necessary details and documents related to your invention on our web portal.
- Select a Package: Choose a registration package that suits your needs, and make the payment using one of the available secure payment methods.
- Patentability Search: Our professionals will conduct a thorough search to ensure that your invention is patentable and unique.
- Provisional Application: Once verified, our legal team will file a provisional patent application to secure an early filing date.
- Complete Specification Filing: We will prepare and file the complete specification with the Indian Patent Office to move the process forward.
- Acknowledgment: You will receive an acknowledgment of your patent filing, marking the beginning of the legal protection process.
