Want to safeguard your inventions and discoveries? Then get it registered as a patent under the Patent Act, 1970 and make money out of your invention.
It is an exclusive right provided to the owner or the enterprise under which no outsider can make, use, sell or import the patented product or process without the approval from the owner. Just like other intellectual property rights, a patent can also be transferred or sold by the inventor to the person and in the price he wants.
Patent filling is straight forward process that requires proper documents and is a fairly complicated ordeal. Here are the steps you need to follow to get your invention registered as a patent:
Step 1- Patent search:
The invention should be unique and non-obvious to get registered. For this purpose you need to carry out patent search. It can help you to avoid lengthy patent registration process. A patentee can carry out patent search by himself or take a help from an experienced person in this field. You can skip further, steps if you find a similar patent registered.
Step 2- Filling patent registration application:
An application needs to be filed in a prescribed format that involves:
Step 3- Preparation of patentability report and attach all the required documents:
You can take help of experts to form an extensive patentability report which includes all the analysis of your patent search based upon required criteria. Attach all the required documents with the application before submission and review your application again to avoid any kind of mistake.
Step 4- Review of application:
Once you have submitted the application along with all the required documents and patentability report it shall be further reviewed by the authorities of patent office of the Indian government. However, if your patent is unique and fulfils all the requirements then you will be granted with patent registration.
Step 5- Issuance of patent registration certificate:
The application status of the patent registration will get updated online on the website of the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, and Government of India. It takes around a time period of 1 year to get the patent certificate.
The cost of patent filling can be divided into two cost components that are given as follows:
Statutory fees: it is mandatory and paid to Indian government patent office
Professional fees: it is the fees you provide to professional for patent search or to form patentability report.
The statutory fees varies from and individual inventor to an enterprise. It also depends upon the number of claims made and number of pages in a specification. Apart from this, patentee has to pay required amount of fees after filling an application to the IPO (Indian Patent Office) department.
Overall estimate cost you need to pay can range from Rs 50,000 to Rs. 70,000 (including statutory and professional fees).
Patent registration is a great way to protect your invention for at least time period of 20 years. It is quite costly but has great benefits like intellectual property rights, legal protection, asset creation and many more.