What is an invention patent law?

According to Section 2(j) of the Indian Patents Act, 1970 an invention means “a new product or process involving an inventive step and capable of industrial application.”, such invention protected under the patent law refers to patented.

Can you manufacture something that is patented?

Patents are territorial rights so therefore if product is patented in US and no patent exist in Canada you can sell product produced in canada. But in US you cannot sell product. US patent also covers manufacturing – so you cannot manufacture in US and export to canada.

Can machine can be patented?

In US, any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof may have a patent granted to it, provided it satisfies all other requirements of patentability.

Can patent be sold licensed or assigned?

A patent is considered as a transferrable property that can be transferred from the original patentee to any other person by assignment or by operation of law. A patent can be licensed or assigned only by the owner of the patent.

Can you sell patented product?

The U.S. Supreme Court in a recent ruling has opined on the rights of a purchaser to use and resell patented products. The patent system give the patent owner the right to exclude others from making, using, and selling the patented invention, for the life of the patent.

Can design features of a product be patented?

In principle, an industrial design right does not protect the technical or functional features of a product. Such features could, however, potentially be protected by a patent.

Which can be patented machine process composition of matter?

Utility Patent: A patent granted for one of the following types of inventions: a process, a machine, a manufacture, or a composition of matter (such as new chemical).

Can I sell a product that is patented in the US?

Patents are territorial rights so therefore if product is patented in US and no patent exist in Canada you can sell product produced in canada. But in US you cannot sell product. US patent also covers manufacturing – so you cannot manufacture in US and export to canada. 3D printers

What rights do inventors have when selling a product?

Licensing Rights. Licensing the right to make, use, or sell your product is usually the most profitable route for inventors. As patent holder, you retain ownership of the invention and earn royalty payments on future sales of the product. You can grant an exclusive license to one company or several companies.

Can two very similar products have different patents?

Because patents protect inventions and not products, it is possible that two very similar products do not violate any patent laws. This general principle holds true so long as the invention that underlies the two products is different.

Should I license my invention or market and manufacture it myself?

Whether you choose to license your invention or market and manufacture it yourself probably depends on your personality, skills, and interests. “Inventor-for-royalties.”. If you are a typical inventor, you will want to license your invention and collect royalties, or even sell it outright to another person or entity. “Entrepreneurial inventor.”.