The Patents Act lays down a procedure for the grant of patent to an inventor to exploit his invention for 20 years subject to the fulfilment of certain conditions. The first step is to make an application in the
It is not mandatory for an inventor to apply for a patent in respect of his invention. It is optional. The inventor may prefer to keep his invention secret instead of applying for a patent by disclosing it.
A patent is an exclusive privilege given to the author by the State to prohibit anyone from utilizing, creating, and selling an invention for a specified duration of time. It applies to a monopoly right on an invention. However, not all inventions are patentable
Assignment of Patents : Sec 68 of the Patents Act, 1970, provides for the assignment: Sec.68 also provides for the mortgage of, licence in or