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ARTICLE · 28 JUNE 2016

Need for Utility Patents in India

TMT Law Practice
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Intellectual Property (IP) gives the right to the owner/creator/innovator to commercially exploit their invention and stop others from using it without their permission.

IndiaIntellectual Property
Purvasha Mansharamani
Purvasha Mansharamani
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Introduction

Intellectual Property (IP) gives the right to the owner/creator/innovator to commercially exploit their invention and stop others from using it without their permission. It gives them a monopoly of sorts to protect their creation from being exploited by others without their permission. It tries to strike a balance between the interests of innovators and public. The 5 main types of IPs recognized by WIPO are Copyrights, Trademarks, Patents, Industrial Designs and Geographical Indications[1].

A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application[2].

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