INVEST MP Expression of Interest (EOI) For Inviting Online Tender...
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When you put together ideas and objects to form something new that was non-existent before, such an act is understood as an invention. Discovery, on the opposite hand, refers to unearthing something previously ignored or unrecognized. Let’s have a look at how to safeguard inventions and discoveries.
Inventions and discoveries can pertain to products – tools and equipment, goods, materials like textiles, chemicals, etc. they will also pertain to processes like control processes, production, and manufacturing processes, and measurement methods.
As an investor or a discoverer, you’ve got the instinct to say exclusive rights to your creation/discovery and protect it from duplication. the sole thanks to protecting inventions is by applying for patents. Others will not be able to copy, sell, use, or import your idea if you have a patent. Firms can apply for patents to prevent competitors from replicating their unique offerings. In legal jargon, patent laws are a subset of property laws that grant inventors monopoly rights to their inventions.
The prime objective of patents is to encourage research, technological advancements, innovations, and industrial development. In India, the proper to grant patents is reserved with the Indian agency – the workplace of DPIIT (Department for Promotion of Industry and Internal Trade).
However, not all inventions qualify for application.
An invention is patentable in India if it’s the subsequent characteristics:-
you must fill a provisional application if your invention isn’t ready or on the verge of completion if you are doing not want to delay the priority date. In such a scenario, you wish to complete your invention within 12 months and submit a duly signed complete application.
because the name suggests, this application is for inventions that are 100% complete. an entire application should furnish full details of the invention, the most effective method to process or execute the invention, make claims if any, and a brief abstract outlining the essence of the innovation or discovery.
If you file a application at the Indian Patent and Trademark Office Database and request a priority date supported the same application in an exceedingly convention country, then such an application are going to be treated as a convention application.
a world application made under PCT and managed by WIPO (World holding Rights).
If there are slight modifications in your invention that you’ve got already filed a application, you’ll be able to fill within the patent of addition form. No separate application fees must be paid up. If the most application will terminate, the patent of addition also stands withdrawn.
If you wish to amass patent protection for multiple inventions, then you wish to file separate forms for every invention. one in all them will treat because the parent application and both parent and divisional applications will carry the identical priority date.
‘Copyrights, patents, and trademarks are all the same,’ you may have heard before. does one often feel all of them have identical significance? does one think copyrights protect inventions? the solution could be a plain ‘NO’.
Patents safeguard inventions and help commercialise technological advancements.
Copyrights could be a vest with you the instant you create original work. they’re mainly within the context of books, advertisements, music compositions, etc. Copyrights grant you the authority to change, revise, reproduce, and publicly distribute/perform your work. Trademarks, on the opposite hand, are signs, symbols, designs, phrases, words, etc. They distinguish the source of products and services from one entity to a different. Unlike patents, copyrights and trademarks don’t require registration.
Thus, you’ll protect your inventions’ ideas and innovations only with a patent. Thus, patents are very useful in gaining monopolistic rights, monetizing your research, attracting more angel investors if you’re a startup, and making a technology brand.
INVEST MP Expression of Interest (EOI) For Inviting Online Tender...
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