Indian Patent Law follows first to file system. A provisional application is an application which can be filed if the invention is still under experimentation stage. Filing a provisional specification provides the advantage to the inventor since it helps in establishing a ―priority‖ date of the invention. Further, the inventor gets 12 months‘ time to fully develop the invention and ascertain its market potential and to file the complete specification.
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All Inclusive Fees
All Inclusive Fees
A patent is a right granted by the government to inventors in order to exclude others from making, using, offering for sale, or selling the patented invention in the United State.
Once the application is filled as a provisional application, which is a lot cheaper and short to summarize, then the inventor is provided with security and surety that no other could claim the same invention under the filling period of 12 months.
Once A Patent is granted, it provides the inventor the complete right to work or to do anything with his invention for the valid time period. Within this allotted time period no person, business, or an organization is allowed to use or sell or make any modification to the original invention without the investor's consent.
There are still chances if the inventor gets bored about his /her side or want to hand it over to more successful, or deserving being, then he/she can commercialize the invention, kept its exclusive rights and earning a good amount of investment returns from it.
There are chances that the inventor might want to sell or license the patent due to any reason such as to earn significant profit then there is a provision for that too. In India, he/ she commercialize or license it to another firm who could offer him a good amount of money.
By disclosing the invention in public domain openly, itself signifies that the inventor holds the guts to get challenged for his work to attain a good public impression and enhance his/her portfolio.
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