Patent

Basics of Patent

What is patentable

Role of patent in Students’ life

Value of Patent

Recent Controversies in Patent

Crazy Examples

What is a Patent?

Basics of Patent

A legal protection which gives an inventor monopoly and the right to exclude others from performing certain activity in the country of issuance.

Patent is•A government license

•Valid for 20 years.

•Patent may include many claims, each of which defines a specific

property right.

•Patent rights prevent others from commercially making, using,

selling, importing, or distributing it.

•Like any other property right, it may be sold, licensed, mortgaged,

assigned or transferred, given away, or simply abandoned

Utility: process (method), machine, manufacture, or composition

Design: ornamental design for an object

Plant: new variety

OR Any new and useful improvement

What can be patented?

Anything which is

Novel: not previously known or used by others

Useful: have a known use or produce a concrete and tangible result

Industrially applicable

Non-obvious: Is it obvious to PHOSITA (Person Having Ordinary Skill In The Art)?Can not be found in a single or reasonable combination of patents that would yield a predictable result

Does that means something out of the world invention ??????

Novel Inventive!!!

Did you know?90%of patents are forimprovements of the existing patents

Someone may make your invention even better!

HRIDAYESHWAR SINGH BHATI

India’s Youngest Patent Holder

What have kids invented?

KELLY REINHART AGE-16

GEORGE NISSEN AGE -16

CHESTER GREENWOOD AGE - 15

Kids’ Inventions

CASSIDY GOLDSTEIN AGE - 12

K. K. GREGORY AGE -10

"The man with a new idea is a crank until the idea succeeds."

Advantages of getting a Patent

• Enjoy Monopoly

• Make it Saleable

• Rights of Distribution &

Licensing Agreement

• Increase in negotiating power

So an inventor can use or sell his/her invention and no one else can.

How long can you stop other people?

Why would anyone want a patent?

• Samsung and Apple• Xiaomi• Turmeric• Neem • Tulsi

Controversies

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