What is a Patent? | |||||
A patent is a techno-legal document. A patent is granted to an invention that is novel, has an inventive step, and is industrially applicable. A patent is presented with an exclusive right by the government of a country as a reward for the contributions made by the innovators. A patent may be called an agreement between the inventor and the government for a limited period, usually 20 years in most countries. A patent is a territorial right given to an inventor. A patent is not protected in a jurisdiction where it is not filed. The exclusive rights granted to a patent include manufacturing, selling, offering to sell, importing, licensing, etc. For a period of 20 years, the only patentee is allowed to exploit the patented invention. Any third person performing any of the above will commit an act of infringement. Role of Patent AgentThe patent agent is a coordinator between the patentee and the Patent Office. The role of the patent agent is to act on behalf of the Patentee or the inventor. A patent agent has the legal and technical skills to define the scope of the patent and extend the claims. In addition to this, the first role of a patent agent is to help an inventor to convert his innovation into a patentable invention which can be filed as a patent application under the prescribed laws of a country. Other roles of a Patent Agent are Patent Search, FTO/Infringement Analysis, Patent Drafting, Prosecution in the Patent Office to grant of a patent, drafting and filing an opposition, revocation of a patent, maintenance of patents, and IP enforcement. Patent agents played a very important role starting from the conceiving of an idea to the enforcement of a patent. Under Indian Patent Act 1970, a Patent Agent is authorized to act on behalf of the Patentee, carried out a business assignment, and appear in the Patent Office on behalf of the patentee. Why do you Need a Patent?In the modern marketplace, knowledge is the most expensive intangible property. It is more recognized and acknowledged as a critical asset. Knowledge has given birth to vast new industries, particularly those based on computers, semiconductors, pharmaceuticals, biotechnology, and design materials. However, such creations and innovations in the field of science and technology need protection and should be guarded just as tangible property like our own house, car, field, etc. This is where a patent plays its role in protecting such intangible property of a human mind's creation. The most crucial step in today's world to protect an innovation or invention is to protect them by filing a patent application. For this purpose, everyone who is doing a patent-related business, research and development companies, Universities, etc must protect their invention. Without protection, their invention can be accessed by any third party and benefited from exploitation.
|