Do you have an Idea, Product, or New Technology? And you’re worried about its strong protection. Then you might be confused, what to do? Here we will explore how you can achieve immunity ( patent protection in India) against any kind of idea stealing. When you’re in business then at every stage of business you need secrecy and security to protect your idea, product or any sort of technology or invention. The Patent might be a good option for you.

Let’s go and understand how this can be really helpful for you to protect your business idea or to get patent protection?

 What is a Patent?

A patent is an intellectual property right that provides legal immunity to an inventor for his/her inventions and prevents others from using, selling, making and importing an invention for a specific period of time. Likewise other intellectual property, the investor can sell or transfer patent rights to others.

As we have mentioned about the patent validity period, it’s 20 years from the date of filing of the patent application.  You can go for the patent registration process to avail full patent rights of your product.

 How Patents Protect Your Business?

 Patent is considered as a boon for the businesses or its inventors, and this provides significant growth to the entrepreneurs.  Many businesses are enjoying great benefits of having patent rights for their innovations, products or technology. As this prevents patented technology from being misused, copied or sold by any other without your prior permission. It stops other companies especially to competitors from manufacturing, producing or importing the patented technology, products or processes. Patent rights cover and protect processes related to manufacturing of the product as well as system or methods.

Let’s have an example of the pharmaceutical industry and understand how it’s playing a vital role in the growth of pharma industry and companies belong to it.

Well, drug-patents are very important as the new and improved drugs may help to save millions of lives, and in today’s scenario every year lots of drugs are being introduced in the market.

It’s good to know the patents contribute to around 80% of the overall revenue of pharmaceutical companies. And obtaining patent rights can be beneficial in safeguarding the innovative approaches used by pharma companies. During the research and development stage, the companies do big investment, therefore drug patents may help to recoup the investment. Apart from this if competitors or any other duplicate the manufacturing of a drug, or involved in the infringement. Then the company is fully authorized to file a case against infringement. Moreover, drug patents help in revenue growth, and thus good for improving the overall economic growth of companies.

Today, big business giants have established themselves as the leaders, it’s because of their patent rights over their inventions. Few points can help you to understand how patents protect your business.

  • In the fierce competition age parents enhance brand perception and enable your business to go ahead.
  • keep your competitors at bay.
  • This provides you complete authority over your inventions, products or technology.
  • It helps to increase the revenue while restricting rivals for next few years as the owner has control for twenty years.

 Big business giants have established themselves as the leaders, it’s because of their patent rights over their inventions.

  • In the fierce competition, age parents enhance brand perception and enable your business to go ahead.
  • Patents keep your competitors at bay
  • This provides you complete authority over your inventions, products or technology.
  • It helps to increase the revenue while restricting rivals for the next few years as the owner has control for twenty years.

Patent Protection in India

 Here we will see the basic steps of patent registration in India. Patents can be secured by the following steps:-

Step 1: Filing a patent application

 In this stage ideation, visualization and verification are to be performed. Where patentability requirements are to be checked such as novelty, non-obviousness, usefulness, patentable subject matter.

Step 2: Preparation of a patentability report

 Here a patent professionals or patent agents can help to prepare the patentability report, he/she do extensive research and analysis while preparing the report.

Step 3: Publication of patent application

 After publication, there would be two stages

  • Patent Examination
  • Patent objections

Grant of patent

 After meeting all requirements, a notification will be published in the Patent Journal in regards to your patent.

 Types of Patents

 There are three types of patents utility patents, design patents, and plant patents.

What kinds of Invention can be protected under patent law

 Patents can be acquired for any field of technology, from the fuel cell to turbine, or communication, internet and everywhere. An invention can be a product or a process.  Moreover, there are few examples, let’s go through them:-

  • Software patents
  • Electrical engineering patents
  • E-commerce system patents
  • Mechanical patents
  • Method and process patents
  • Design patents