Patent Infringements And Their Types

Introduction

Patent is one of the most important forms of Intellectual Property (IP). The term of a patent is typically 20 years from the Priority date of the application. Patent protection gives rights to a patent holder to prevent third parties from making, using, selling, offering for sale and even importing the patented product or the product made by using patented process in the respective jurisdiction.

A patent is an exclusive monopoly right, which most modern business owners leverage to optimise the commercialisation of their intellectual inventions. The patent law enables a patentee to exclude others from making, using, selling, offering for sale or importing their patented invention without their consent. In case of any infringement the patentee is entitled to seek relief, which includes an injunction, damages or an account of profits.