Ideas and innovation are the cornerstones of any successful
corporation. Given that modernisation and globalisation has had a
significant impact on corporations, it is only fair that the ideas
defining these businesses are given protection from being misused,
manipulated or stolen. Stolen ideas is a modern-day problem playing
on capitalism by generating revenue to the 'thief'. With
the view of preventing this, ideas and innovations are being
granted patents now.
A patent, in simpler terms, is a right granted to an inventor
over his invention by a sovereign authority providing the inventor
with exclusive rights over the ownership of the process, design or
invention. A patent granted to the investor is for a set period in
return for disclosure of the invention. Infringing such a right
gives the inventor a right to claim for remedies against the
infringer. The claim includes and is not limited to injunctions,
damages, account of profits, declarations and so much
