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IPR Patent
Patent is one of the most important concept covered within the ambit of Intellectual Property Rights. A patent is nothing but a form of industrial property or intellectual property as it is now popularly known as. A patent is the creation of statute and thus has its territorial extent. A patent granted in one country cannot be held valid in another country. It can be executed only if the captioned invention is patented in that country also. A patent guarantees exclusive right to a person who has invented new and useful article or has made improvement of an existing article or process. The exclusive right to use the period is granted for a limited period. In India patent is granted for a period of twenty years, after that it becomes open to public. Patent law in India has its roots in the English Patent system. In India patent law is governed by Indian Patent Act of 1970. Patent as a part of intellectual property rights has acquired tremendous importance with the evolution of science and technology. In the last few decades there has been a considerable change in the commerce and industry of the society, which has led the human mind to think productive pertaining to creations and inventions. This drastic change has resulted in the modification and implementation of new rules and regulations concerning Patent law throughout the world. Though patent is one of the most complicated and technical aspect of Intellectual property rights, it can be said that it is the one which contributes maximum towards the progress and development of science, commerce, technology and industry. Business Query Form