INTELLECTUAL PROPERTY RIGHTS

  • Recently, the union government has introduced Patents (Amendment) Rules, 2021 which has reduced the fee for patent filing and prosecution for educational institutions by 80%.
  • It is aimed at promoting innovation and development of new technologies.

Important points:

  • A patent is a form of preservation of intellectual property. It 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.

Criteria for an Invention:

  1. It should be novel.
  2. Must involve an inventive step (technical advancement)
  3. Capable of industrial application

It has been now extended to 8 more categories of Patent Applicants:

  • SME (Small and Medium Enterprises), Female applicants, Government Departments, Institutions established by a Central, Provincial or State Act, Government Company, an Institution wholly or substantially financed by the Government and applicants under Patents Prosecution Highway.
  • The Patent Prosecution Highway (PPH) is a set of initiatives for providing accelerated patent prosecution procedures by sharing information between some patent offices.

SOURCE: THE HINDU,THE ECONOMIC TIMES ,MINT

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