PATENTS_INTELLECTUAL_PROPERTY_RIGHTS.pptx

PATENTS

1. Intellectual Property Rights : PATENTS PREPARED BY:- SANGITA SHEKHAR DEB AJU211795 B.TECH(EEE) 6 TH SEM

2. Introduction Understanding the importance of patents and their role in protecting intellectual property is crucial for businesses and innovators. This presentation will explore the power of patents and their impact on innovation and competition.

3. A patent is a legal document that grants an inventor the exclusive right to their invention, preventing others from making, using, or selling it without permission. Patents play a vital role in protecting innovative ideas and fostering economic growth. What is a Patent?

4. There are three main types of patents: utility patents, design patents, and plant patents. Utility patents protect the function or process of an invention, while design patents safeguard the ornamental design. Plant patents are granted for new plant varieties. Types of Patents

5. Inventions which are Patentable Invention must be ‘new’ Invention must involve an ‘inventive step’ Invention must be having ‘industrial application’ Inventions which are Patentable Inventions which are not Patentable Art, Process, method of Manufacture. Different types of perpetual motion machines. Machine, apparatus and substance produced by manufacture. Beverages Substances intended for use, e.g. food, medicine or drug. Mathematical method or business method. Invention relating to atomic energy.

6. The patent application process involves filing a detailed description of the invention, including its claims and specifications, with the patent office. The application undergoes examination to determine its novelty, usefulness, and non- obviousness before being granted a patent. Patent Application Process

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8. Patent I nfringement occurs when someone uses, makes, or sells a patented invention without the patent owner’s permission. Use of patent by Government for its own purpose will not have infringement . Patent Infringement Causes of Patent Infringement : A huge barrier for innovator. A damage to economic law and value of law. An illegal behavior that destroys the market value and competitive order. For example, Merck & Glen mark over “SITAGLIPTIN” 34

9. Benefits:- You own the invention for the given time. You can use it to build the business. Rent it(in this case license it)to existing business es. Exclude all others for using, selling, offering for sale and importing your invention in your country. You can completely sell the patent to other company. Benefits of Patent & Rights of Patent ee Rights:- Right to grant the license. Right to surrender. Right to sue the infringement. Rights to exploit the patent. Patents offer several benefits, including monopoly rights to the inventor, which Encourages innovation and investment.

10. Challenges and Controversies Despite their benefits, patents also face challenges and controversies, such as patent trolls and the potential for hindering access to knowledge . Balancing the need for innovation with fair competition remains a critical issue in patent law.

11. Understanding the power of patents and their impact on intellectual property rights is essential for businesses and innovators. By protecting innovative ideas and fostering competition, patents play a crucial role in driving economic growth and technological advancement. Conclusion

12. Thanks! Do you have any questions?