Patent is an exclusive right for an invention provided by the law for a limited time to the Patentee. By patenting an invention, the patentee is able to control the making, using, selling or importing of the patented product or process for producing that product without his/her consent. For an invention to be patentable in India, the invention must be a new product or process, involving an inventive step and capable of being made or used in an industry. Patent registrations have a validity of 20 years from the date of filing of patent application, irrespective of whether it is filed with provisional or complete specification.
Patent registration applications are handled by the The Patent Office, Controller General of Patents, Designs & Trade Marks. Patent applications can be filed electronically with provisional or complete specification, at the appropriate Patent Office. We can help you file a patent application in India, starting from just Rs.39899.
REASONS TO OBTAIN PATENT REGISTRATION
Only owners of registered patents are allowed to take action or sue for damages in case of patent infringement. Patent protection is not enforceable for inventions that are not registered.
Patent registration will provide a unique competitive edge for the business. Competitors will not be allowed to use the patented invention for similar goods or services.
Creation of Asset
Patent registration creates an intellectual property, which is an intangible asset for an organization. Registered patent is an intangible asset that can be sold, franchised or commercially contracted.
Global Patent Protection
A patent registration in India can be used as the basis for patent registration in other countries, if required. Foreigners and Foreign entities can also register a patent in India, if required.
20 Year Validity
Patent registrations in India are valid for 20 years from the date of filing of patent application, irrespective of whether it is filed with provisional or complete specification.
Special patent regime has been announced in the 2016 budget. Income from foreign use of patent developed and registered in India will be taxed at the rate of 10% only.