The patent is an intellectual property and is considered to be an intangible asset that can impact financial growth and enhances the market value of a business and even helps to raise finance. Patent rights are exclusive rights granted and given to the inventor by the government in recognition of his new invention and which becomes a solution for a technological glitch.
Patent Registration in Hyderabad & Bengaluru is exclusive rights granted for an invention of a product or a process that provides, in general, a new way of doing something. Patent registration in India is governed by the Indian Patent Office. The Indian Patent Office is administered by the Office of the Controller General of Patents, Designs & Trademarks (CGPDTM). The Patent filing process in India follows streamlined stages and once conferred holds for twenty (20) years within the territory of India.
A patent registration process is a legal document that defines exclusive rights in which the inventor can opt for the right to make, use and sell his or her creation for a specified period of time. In a typical sense, the basic idea of having a patent right to the inventor is to encourage them to safeguard their creation