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Assignment of Patent

Patents provide exclusive rights to inventors or assignees for a limited period of time in exchange for publicly disclosing the invention. A patent application must include claims defining the invention that meet patentability requirements. The exclusive right granted is the right to prevent others from exploiting the patented invention without permission. An assignment involves transferring ownership of a patent from the assignor to the assignee.

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Aniket Panchal
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50 views

Assignment of Patent

Patents provide exclusive rights to inventors or assignees for a limited period of time in exchange for publicly disclosing the invention. A patent application must include claims defining the invention that meet patentability requirements. The exclusive right granted is the right to prevent others from exploiting the patented invention without permission. An assignment involves transferring ownership of a patent from the assignor to the assignee.

Uploaded by

Aniket Panchal
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Assignment of patent

• A patent is a set of exclusive rights granted by


a sovereign state to an inventor or their
assignee for a limited period of time, in
exchange for the public disclosure of the
invention. 
• An invention is a solution to a specific
technological problem, and may be a product
or a process.
•  Patents are a form of intellectual property.
• The procedure for granting patents, requirements
placed on the patentee, and the extent of the exclusive
rights vary widely between countries according to
national laws and international agreements.
• Typically, however, a patent application must include
one or more claims that define the invention.
• These claims must meet relevant patentability
 requirements, such as novelty and non-obviousness.
• The exclusive right granted to a patentee in most
countries is the right to prevent others from making,
using, selling, or distributing the patented invention
without permission.
Patents Act 1970
• In modern usage, the term patent usually
refers to the right granted to anyone who
invents any new, useful, and non-obvious
process, machine, article of manufacture, or
composition of matter. 
• Patents are governed by the Patents Act 1970
• An assignment involves the sale and transfer
of ownership of a patent by the assignor to
the assignee.
• A patent is not a right to practise or use the invention.
• Rather, a patent provides the right to exclude others
from making, using, selling, offering for sale, or
importing the patented invention for the 
term of the patent, which is usually 20 years from the
filing date, subject to the payment of maintenance fees.
• A patent is a limited property right the government
gives inventors in exchange for their agreement to
share details of their inventions with the public.
• Like any other property right, it may be sold, licensed, 
mortgaged, assigned or transferred, given away, or
simply abandoned.

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