Patent is one of the most vital kinds of intellectual property (IP). It is a hard and fast of distinct rights granted through the government to an inventor or its assignee for a limited period of time in exchange for a public disclosure of the invention. The term of a patent is normally 20 years from the date of priority, meaning that the patent holder has right to save you all third parties from making, the use of promoting, offering for sale or even uploading the patented product or the product made through the use of patented method inside the jurisdiction, where there's patent protection. A patent is granted to a new product or process that is creative and has business utility and the difficulty remember does no longer fall under class of non-patentable innovations. Rights of a Patent holder or Patentee, according to Section 48 of the Patents Act, 1970 are as below:
Therefore, it's far obvious that patent does no longer give any high quality rights however a fixed of terrible rights to the patentee over his invention. Whether or not a patentee is loose to use his own invention may be limited by means of rules, guidelines or by the existence of other patents in a selected jurisdiction. Patentee has no right to make, use, promote or import the product, for which he has a patent however has extraordinary right to save from third parties from making, using, promoting, providing for sale and importing the patented products, if the patented invention pertains to that product. In easier phrases, patent does now not give the patent holder rights to promote, make or use something. It handiest offers him or her rights to prevent others from infringing upon the granted rights. However, if the patent is for a process, patentee has special right to prevent third parties to make, use, sell, provide for sale or import any product made the usage of the patented process, meaning that the patentee can best prevent third parties from the usage of or exploiting the discovery, even if such third party develops the identical invention independently.