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Justification for stringency in the requirements of Patentability of Inventions - Essay Example
Author : vicentestokes
Pages 9 (2259 words)
Patents are important in protecting the innovations of one's business. Patents are also intangible assets of one's business and can be sold or licensed in return for monetary income. Patents can also be beneficial in marketing one's products and services, as customers like to follow innovative, forward-looking companies…
A Patent is defined as a legal document granted by the government giving an inventor the exclusive right to make, use and sell an invention for a specified number of years. The endeavour of the patent system is to encourage inventors to advance the state of technology by awarding them special rights to benefit from their inventions. Patent Law has also been extended to cover Computer programs and various living organisms, such as specialized mice used in cancer research. A recent trend in the field of Patent Law is the extension of patentability to new ways of doing business for example; the method of conducting an auction on the Internet is patented. With respect to books, movies, and works of art the law of copyright is applicable. (Schechter, Roger E).1
First, it must be novel in the sense that the invention did not have prior existence. This will be determined by the patent examiners who will make all efforts to determine the nature of the invention and if they find that the proposed invention had already been described in previous patents or written about in scientific magazines, then they will declare that the invention has been "anticipated." Whenever it is concluded that such an eventuality has transpired then in such cases, the patent will be denied. ...