What is Patent?
A patent is one of those rights which come under the general heading of intellectual property. A patent is the right of an individual or company to profit from a particular invention or unique manufacturing process, and must be registered in each country in which they wish that invention or process to be protected by law. Once registered, a person can grant to a third party a license to exploit the invention or process in return for the payment of a fee usually known as a royalty
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A patent is an intellectual property right relating to inventions - that is, to advances made in a technical field. A patent for an invention is granted by the government to the applicant, and gives him the right for a limited period to stop others from making, using or selling the invention without permission. In return for this right, the applicant must disclose how his invention works in sufficient detail. When a patent is granted, the applicant becomes the owner of the patent. Like any other form of property, a patent can be bought, sold, licensed or mortgaged.

HOW CAN THE INSTITUTE HELP?
THE Value of Patent lies in its commercialization and not merely in its holding. Innovative idea can lead you to the grant of patent, but the path of commercialization through patent is tenuous and needs careful itinerary. Patent development is a strategy, It is not only important to know what you have, it is even more important to know what others have, an improvement on an existing patent is itself patentable, patent if not extended can prove very expensive, is like a game of chess which needs to be developed, as often patent become the subject of cross-licensing agreements, similarly legal complication may arise if you attempt to exploit a patent to non-patented subject matter. Given the high cost of Patent development and litigating on patent disputes, a cost benefit analysis often needs to be undertaken at various stages which provides a structured support in decision making. If you are in process of forming your patent strategy or in process of decision making on any of the related issue and need a help or second opinion call the Institute today. Our experts will help you in all these areas and you be rest assured We would give you the right feedback and real insight for your closer introspection and our interaction would live beyond your expectation on all fronts.