4 types of Patent Applications in India and Advantages of Patent Registration in India
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Introduction
- Patents offer an entity exclusive right to a product or procedure after it has been discovered, innovated, or invented. Public disclosure of your idea via a Patent Application form is required to secure a Patent. In this blog information on Patent Registration in India, Types of Patent Applications in India, Patent Registration process, advantages of Patent Registration, and other related information on Patent Laws in India.
- The Patents Act of 1970 and the Patent Rules of 2003 govern Patents in India. Patents are granted for a period of 20 years and are only valid within the specified geographical boundaries.
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What is a Patent?
- The term “Patent” refers to one of the pillars of Intellectual Property Rights (IPR), and it is a government-granted right that the inventor has over his or her idea. Furthermore, the term “right” refers to the power to sell, create, use, and import the product or process, as well as the ability to prevent others from doing so.
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Advantages of Patent Registration in India
- The proprietor has complete control
- For the Patent, the owner has the right to utilize his ideas in whatever way he wants. It means that the proprietor has complete control over the use, sale, and modification of the original invention, as well as the ability to prevent others from profiting from the same ideas without his permission.
- Benefits in a longer duration
- The creator will profit in a variety of ways from the selling of the innovation. It only aids in obtaining a 5 percent royalty, but it is extremely beneficial to innovators who have a great idea but lack the financial means to put their invention to market.
- Return On Investment Privileges
- When the owner realizes that his innovation is not bringing him any benefits, he may decide to give it to another deserving or successful individual. The patent rights, once obtained, enable him to commercialize the concept and earn a considerable return on his investment.
- Disclosure to the General Public
- Patent rights allow the inventor to gain public attention, which helps him extend his portfolio while also raising cash, market value, and possible business partners. The inventors’ competence and command of the technical subject matter are demonstrated by their willingness to share information about the invention with the general audience. All of these factors work in the owner’s favor by attracting top-tier investors, shareholders, business partners, and customers.
- Receives an assurance
- The benefits of patent registration begin to accrue to the inventors from the first step, which is the submission of the patent application. As soon as the applicant files the Provisional Patent Application, he receives an assurance that no other person or company will be able to claim ideas identical to his invention.
- Points to keeping mind while filing the Patent
- Fees due under the Act or rules may be paid in cash, electronically, or by bank draught or banker’s check at the proper office. The money is to be paid to the Controller of Patents and drawn on a designated bank in the location of the appropriate office. If the draught or banker’s cheque is sent by mail, the fees are considered paid on the date the draught or banker’s cheque actually arrives at the Controller.
- The First Schedule specifies the fees that must be paid concerning the issuance of patents and applications for patents, as well as other issues for which costs must be paid.t Item
- If an application is transferred from a natural person to a non-natural person, the new applicant must pay the difference in fees, if any, along with the request for transfer.
- If a start-up processes an application and it is entirely or partially transferred to someone other than a natural person or another start-up, the difference, if any, can be charged to both the start-up and the person to whom the application is transferred. In a nutshell, the new applicant must pay this fee along with the request for transfer.
- Documents required for Patent Registration in India
- Duplicate application form (Form 1)
- In duplication, the provisional or complete specification. If a provisional specification is filed, the entire specification must be filed within 12 months (Form 2)
- Duplicate drawings (if necessary)
- A replica of the invention’s abstract
- Information and undertaking in duplicate indicating the number, filing date, and current status of each foreign patent application (if any exist) (Form 3)
- Priority document (if the priority date is claimed) in convention applications, where directed by the Controller Declaration of inventorship and the provisional specification is followed by the complete specification, or in convention/PCT national phase applications (Form 5)
- Attorney-in-fact (if filed through any patent agent)
- Fees (payable in check, cash, or demand draught).
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4 types of Patent Applications
- Conventional Application
- The phrase “Conventional Application” refers to an application that the applicant has previously submitted in another nation and now wishes to file in India. It is also worth noting that the applicant has 12 months from the date of the first filing to file the application.
- PCT International Application
- The term “PCT International Application” refers to an application that is filed in numerous countries by the applicant. This application can be filed in a total of 142 countries. In addition, claiming protection in each country will take roughly 30 to 31 months, commencing from the date of International Filing.
- Ordinary Application
- A new application submitted with the Indian Patent Office is referred to as an “Ordinary Application.” Furthermore, the application’s filing and priority dates are the same in this situation.
- PCT National Phase Application
- The term “PCT National Phase Application” refers to an application for protection made by the applicant in India, as well as other countries. Starting from the date of International Filing, the applicant must file the application to the Indian Patent Office within 31 months.ist Item
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