What is Patent? | How to get a Patent Registration | Documents | Benefits | Process- Swarit Advisors
Channel: Bada CFO
Date: 2021-08-31

If you are an inventor or a creator and you are looking to safeguard your technological invention, then you must opt for #PatentRegistration for your work. 
A #Patent is a form of exclusive #intellectualPropertyRight granted to the inventors on their invention by the government. Patent Registration in India is governed & administered by the #PatentAct1970 as well as #PatentRules1972. It stays valid for 20 years. Patient registration is the first move inventor makes to safeguard his invention and eliminate every possibility of misuse.

Through patent registration, the #government will equip you with the full right to manufacturing, selling, using, or importing the products as well as services. Besides this, it prohibits others from doing so.

Who can file for a Patent?

 1 In #India, any individual or business entity that wants to protect and secure an idea or invention can apply for a Patent.
2 Also, a natural person who is an assignee under the #PatentLaw and claims to be the true and first inventor of the art/ research has the right to make such an application.
3 The #LegalRepresentative of a deceased person (who immediately before his death was entitled to make an application for Patent Registration) can file for Patent as well.

What can be patented?
Any Invention that relates to-
1-  Process
2-  Work
3-  Computer Software
4-  Manufacturing
5-  Machines, or
6-  Any other type of Invention, which has never been invented before for the general public.

Factors Considered for Registration 
Uniqueness
The invention must be of a unique nature and must not have been issued anywhere in India.
Industrial Applicability 
The invention must be capable of being used by the industry.
Non-obviousness 
The invention should not be obvious & simple in nature and must be considered by the skilled & experienced individual.

What are the Benefits of Patent Registration?

Protection of an Individual's Creation/Invention 
A Patent is an Intellectual Property Right that strives to provide protection to an individual's creation or invention and restrict others to use it without obtaining the prior consent of the Inventor.

20 Years of Validity
In India, a registered Patent remains valid for a period of 20 years, starting from the registration date. 

Sell or Transfer Patent
A Patent can easily be Sold, Transferred, or Franchised by the Inventor for generating revenue.

Receive Royalties
The Patentor can receive Royalties by licensing his/ her product to another company.

Monopoly
After obtaining Patent Registration, both businesses and investors can enjoy both Market Monopoly and Competitive Benefit.

Foster Business Growth 
A registered patent will help the inventor to take his/her #business on the path of glory and will assist in raising capital for the business as well. 

Procedure for Obtaining Patent Registration

Patent Search
The first step in the process for registration is conducting a Patent Search. It will help the applicant in learning whether a patent of similar nature is already registered or not.
 
Drafting of Patent Application
After the completion of the patent search process, an applicant should get the application drafted in Form 1. Moreover, he/she must attach the specifications with each Patent Application in Form 2.
 
Filing of Patent Application
In this step, the applicant needs to file the application for Patent Registration with the Indian Patent Office.
 
Review of Patent Application
After filing the application for Patent Registration, the same will be verified by the Indian Patent Office of the Government of India.
 
Grant of Patent
Once the authorities are satisfied by the application filed for Patent Registration, the same will grant the Patent for applicant’s invention. Further, it shall be taken into consideration that the period required for the issuance of a patent certificate ranges from 6 months to 1.5 years.

Documents Required for Obtaining Patent Registration

1 Application for Patent Registration in Form 1
2 Proof of Right to file Patent Application. This proof must be attached along with the application for Registration.
3 If in case the applicant does not have whole specifications, he/ she must file the provisional specifications. In case of provisional specifications, the applicant requires to file the complete specifications with a period of 12 months in Form 2.
4 Form 3 for filing Statement & Declaration under section 8.
5 Form 26 for Power of Attorney, in case the application for Patent Registration is filed by the Patent Agent. etc

To know more visit :- https://swaritadvisors.com/patent-registration

Phone:- 9821399320
Email:- info@swaritadvisors.com
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