Patent Act in India
Today, India is one of the most rapidly progressing countries of the world with a high and steady economic growth rate. Moreover, India is one of the major economies of the world, and a highly and hugely popular and preferred center for commercial and professional establishments, owing to its vast and varied market and enormous purchasing power. Its two national-level stock exchanges are worldwide famous in respect of trade volumes, capital transactions, and global financial flows. As patents are vital and magnificent intellectual property of entities in all related economic fields, the Patents Act of India is now well-developed and sophisticated to be in close harmony with the patent laws of other countries and all globally recognized international patent treaties and conventions, in order to support international business and trade.
The patent act in india is reputed as the Patents Act, 1970. For registration and protection of inventions and patents in various economic fields, this patent act of India is complied with, along with the Patents Rules of 1972. This federal patent act of India is used in all States and Union territories of India, for registration of all new inventions and regulation and protection of all registered inventions. The owner or holder of the registered inventions are given certain legitimate patent rights under this grand patent act of India, regarding the commercial uses and protection of the patented invention, within the national jurisdiction. For these objectives, there are established four regional patent offices in every part of India in the major and well-connected cities of Kolkata, Mumbai, New Delhi, and Chennai. Ours globally well-known and popular law firm based in India extends legal services for registration and protection of patents in all across India and the world.
In order to incorporate changes and refinements for betterment and to be in close conformity with the international patent treaties and conventions, the patent act of India has been amended in the year 1999, 2002, and 2005. Today, the patent law of India has refined and discerning provisions for registration, regulation, and protection of patents under both the categories of product patents and process patents. These provisions cover all types of inventions and patents in the broad sectors of agricultural, scientific, technical and non-technical, engineering, technological, scientific, medical, life sciences (biotechnology, chemicals, pharmaceuticals, medicine, etc. ), and other fields of the commercial and professional sectors. Now, as per the recommendations of the World Trade Organization (WTO), the patent act of India registers a patent for a validity period of twenty years from the date of registration, since the year 2005, which can easily be renewed later on.