A patent is an exclusive right granted for an invention, whether it is a product or a process that offers a new way of doing something or a technical solution to a problem. A utility innovation is an exclusive right given for a minor invention that does not require the inventive step test needed for a patent. Patent protection lasts for 20 years from the filing date. Utility innovation is protected for 10 + 5 + 5 years from the filing date, subject to usage. Anyone can apply for a patent or utility innovation, either individually or jointly with others. The term "person" is not limited to individuals and may include entities like companies.
The importance of patent registration includes:
Exploiting the patented invention
Assignment or transfer of ownership
Entering into licensing agreements
Patentable Inventions:
Novelty: The invention must not have been disclosed to the public anywhere in the world.
Inventive Step: The invention must not be obvious to someone with knowledge and skills in the relevant field of technology.
Industrial Applicability: The invention can be applied in any industry.
Non-Patentable Inventions:
Discoveries, scientific theories, and mathematical methods
Plant or animal varieties or essentially biological processes for producing plants or animals, except for man-made living microorganisms, microbiological processes, and their products.
Schemes, rules, or methods for performing business activities, purely mental acts, or playing games.
Methods of surgical or therapeutic treatment of the human or animal body and diagnostic methods practiced on them.