Patent Registration

Protecting intellectual property has become more crucial in today's competitive business landscape. Patents play a vital role in safeguarding unique ideas, inventions, and innovations, giving businesses a competitive edge and fueling growth. However, many business owners overlook the importance of patent registration, often underestimating the significant benefits it can bring. 

This article will explore the untapped potential and undeniable advantages of patent registration for business success. From preventing competitors from stealing your ideas to opening doors for licensing and collaboration opportunities, patent registration can be a game-changer for any business. By understanding the intricacies of the patent registration process and harnessing its power, entrepreneurs can unlock a world of possibilities for their ventures. 

So, if you're ready to take your business to new heights and ensure its long-term sustainability, join us as we delve into the importance of patent registration online and discover the transformative impact it can have on your company's success.

What is a Patent Registration?

Patent Registration is like the exclusive rights that are granted to an individual over their intellectual property or invention. It is mainly done to protect their creation from being undermined by someone else or to reap the benefits of the innovation. The patent becomes significant when you wish to protect your masterpiece from being stolen, sold or used by someone else. Well, you need not worry when you have patent registration online. It is by adhering to them that you can wish for your invention to be secured and intact.

In today’s fast paced world, where protection of intellectual property is supreme, one of the rightful ways to safeguard your innovations is by utilizing the use of patents. Let us understand the importance of patents and its significance. 

• Attracts funding & investment

Patent Registration guarantees you the protection that you need. It is only when an investor believes in the credible nature of your business that he chooses to invest. Without this, you cannot function solely as an entity, leaving room for anyone to undertake your identity and pretend to be you. To be a recipient of investing opportunities, you need to promise patent protection.  

• Protecting Patent

Patent Registration is one of the strategic ways to safeguard your exclusive property from being copied or exploited by others. This assurance protects against potential infringement and gives the holder the supreme power to take legal action or act against these violated patents. Understand that a patent proves that your work remains strictly yours and cannot be replicated by anyone acting as you.

• Promoting technological advancement

Patent Registration is one of the diplomatic ways the inventor's invention is held secure and exclusive. Besides, the patent also becomes a source of technological advancement, as it might encourage or lead to innovation of newer technologies, which would act as a catalyst in growth with collaboration, innovation or research. 

It is with these factors that patents can incentivize creativity and foster innovation. With the importance of patents in place, you can get patent registration, relive the joy of your intellectual property, and safeguard it. 

Who Can Apply for a Patent Registration in India? 

In the patent registration process, under section 6 of the act called the Patent Act of 1970, which extends to the citizens of India and declares any person who is the inventor of the invention should apply for the patent office. Nevertheless, the right to apply can be transferred to an assignee who is the original and rightful inventor of the invention. In this scenario, the Application must provide sufficient evidence to assert that the person making the claim is the true inventor of the invention. A legal representative of the deceased individual who had been authorized to handle such patents before their passing can also meet this requirement.

When protecting your invention or innovation, filing a patent application is crucial. Therefore, to secure them, you need to know about the

The different types of Patent Applications in India are listed below-

• Provisional Application

A provisional Application calls for a preliminary application established at an early filing date for an invention. They grant inventors a one-year period to develop their inventions and encourage filing a non-provisional application. For instance, it is a much more cost-effective option for inventors looking to invest their time in guiding their inventions. 

• Non-provisional Application

The Patent Office holds the non-provisional Application, which calls for you to specify and mention the required specifications associated with the invention. 

• Patent Cooperation Treaty

The Patent cooperation treaty refers to an international agreement or an application which acts as a catalyst in the protection of the invention and can simplify the complex procedure of submitting the patent application in multiple nations. Moreover, all individuals can submit up to a single PCT across 140 + countries. 

• Divisional Application

The divisional Application is initiated when the non-provisional Application is about to be submitted, encompassing multiple inventions. This allows the Application to be divided into different versions, each focusing on distinct innovations.

There is no need to mention the importance of patent registration and how it can bolster the success of your creations. Patent speaks for your brand and allows you to gain credibility in the eyes of your consumers. While the process might be a bit thorough, it can provide you with numerous benefits, which are as follows-

• Increased market value

Patent Registration acts as a catalyst in facilitating the business and fostering innovation. It may lead to exemplifying your inventions and give you a slight edge over competitors regarding market value. Your property explains your unique selling proposition, differentiating your products from others. It attracts investors, partners and potential buyers.

• Royalty and Licensing opportunities

The patented inventions encourage innovation and are sold to other companies for a fee as Royalty. It allows the investors to generate revenue or involve themselves in these licensing agreements. It enables the investors to monetize their inventions without marketing them themselves. 

• Legal recognition

Obtaining a patent is like a symbol of recognition for investors. It aims to add prestige to investors' reputations while establishing credibility and needed expertise in these fields. Patent Registration, in turn, comes with numerous benefits, allowing you to safeguard your ideas and earn profits. 

Therefore, the list does not end here; it continues to emit the benefits it has. 

Therefore, the list does not end here, it continues to emit the benefits it has.

The document required for the Patent Registration involves the following, which mainly are- 

• Application form for the grant of patent in India (Form 1)
• Provisional or complete specification of Patent in duplicate and in case the provisional specification is filed; it must be followed by the complete specification within 12 months. (Form 2)
• Drawing in duplicate only if necessary.
• Abstract and relevant information of the invention made by the party in duplicate.
• Information and undertaking highlighting the number, filing date & current status of each foreign patent application in duplicate (Form 3).
• The Priority document is to be attached when directed by the Controller, if in case the priority date is claimed in convention application,
• Declaration of inventor-ship, if the provisional specification is followed by a complete specification or in case of convention/PCT national phase application (Form 5).
• Power of attorney, if filed a patent through Patent Agent
• Fees of the Patent registration to be paid in cash/cheque/demand draft

A fast-tracked online patent registration process in India can facilitate the process of obtaining patents for inventions or creations. Let us have a look at the necessary steps involved in the process- 

A fast-tracked online patent registration process in India can facilitate obtaining patents for inventions or creations. Let us have a look at the necessary steps involved in the process- 

Step 1:- Connect with the Corpseed team

Firstly, contact Corpseed as your one-stop solution provider. 

Step 2:- Meet Our Experts 

Secondly, Corpseed will align a dedicated professional to help you with the Patent registration. 

Step 3:- Experts will recheck the Availability of Patent

Our experts will recheck the availability of the Patent and whether it is available or not. A government website allows you to check regarding the same if you need to.

Step 4:- Drafting of patent application

Soon after, our professionals will help you with the drafting of the patent application, which requires you to-

• Fill out application number 1, wherein you must mention the patent specification under form 2 to complete the provisional specification, which can vary based on the state. 
• With the provisional application, at least 12 months must be provided to fulfil the invention and to live up to completion of the application. 
• This draft is an essential document as it would be incorporated by the patent office to verify if the Patent is to be granted. 

Step 5:- Patent Application filing 

Step 6:- Publication of Patent Application

The patent application is filed with the patent office and can be published in the office patent journal. This is to be initiated 18 months after the application filing. But, if you wish for it to get published much early, requests must be made under form 9 specifying the early entrant for publication. However, the same request will not be acknowledged or published in a journal if you face any limitations. 

Step 7:- Examining of patent application 

Before being approved, your application will be The Patent application is examined or investigated only based on the filed requests under Form 18. The earlier you make requests, the earlier the examination of the application to check if it is by the patent rules and regulations. Comprehensive research is a must-have, as the officer will pinpoint in case of any objections. The report of the same is even compiled under First Examination Report (FER)  

Step 8:- Grant of a patent

A patent is wilfully granted once the authorities have rechecked and communicated information raised by the officers. No wonder our team will help you streamline the process and make it easy. 

Therefore, you may even avail of the patent registration online to relive the benefits of your patent right in India.

What are the Consequences of the Patent Infringement? 

Patent infringement is considered a severe violation of someone's exclusive creation. In case of this violation, the holder has all the right to hurl legal action against you, where penalties can be charged, leading to loss of market share and reputational damage with legal action being taken against you. The following are how you can be charged with penalties in Patent Registration-

• You can be charged with the penalties or asked to pay for damages to the patent holder, leading to loss of royalty and profits.
• In India, patent infringement is considered a serious offense akin to a criminal act. If found guilty of this violation, you can be held legally responsible and may face severe consequences, such as hefty fines or even imprisonment. It is crucial to understand that infringing on someone's patent rights is ethically wrong and legally punishable. Therefore, respecting and adhering to patent laws is essential to avoid any potential legal ramifications.
• If the court is informed that the violation was intentional and wilful, they can charge you with a crime.

At Corpseed, our team is fuelled by an unquestionable commitment to help you with Patent Registration online. With years of experience and an extensive knowledge base, we are the go-to experts for all your needs. So why settle for anything less than the best? Trust the passionate team at Corpseed to handle all you. Contact us today, and let us help you pave the way to a successful Patent Registration.