File a Patent in India - An Overview
A patent is a right granted to an individual or enterprise by the government that excludes others from making, using, selling or importing the patented product or process without prior approval.
A patent, like any other intellectual property like Copyright or Trademarks, can be transferred or sold by the inventor.Every Indian inventor who wants to protect his/her intellectual property, irrespective of their sector, looks through ways on how to file a patent in India. Patent filing in India requires proper documents and is a fairly complicated ordeal, however, with the right legal guidance it can be done easily. Vakilsearch helps you with the simplest way to file a patent.
Why filing a Patent in India? - Benefits
Granting of a patent is a form of encouragement for innovations and inventions, and once a patent applicant files for it he or she becomes the exclusive owner of the invention if the patent is granted.
Filing a patent in India is important as it restricts the contenders from copying, selling or importing the inventors’ creation without their permission, and it is valid for a period of 20 years from the date of application of the patent.
A patent, like any other intellectual property, can be transferred or sold by the inventor.
ADVANTAGES OF OWNING A PATENT
A patented product is likely to improve brand perception and potentially enable your business to charge a premium.
Additionally,
- Patents can increase your business revenues while slowing down rivals for years to come.
- With exclusive rights, the owner of the patent controls the use of the invention for a full twenty years.
- Patents can be sold and licensed like other forms of property