Tag: patent trolls

From filing a patent to its eventual grant, there are various stages that a patent application goes through in India. Patent filing is the primary step an inventor must initiate to protect their invention from being misused. Before a patent is granted, the Indian Patent Office (IPO) meticulously examines it, to ensure that the innovation sought to be patented is novel and involves an inventive step based on specific criteria. ......

Imagine you’ve started a business in your industry. You’ve identified and adopted the latest and most up-to-date technology, optimized it, and re-configured it to suit your business and to your advantage. You’ve innovated and built new processes and systems on top of existing solutions to create your unique offering. ......

Patents are a measure of innovation. A healthy patent portfolio of a company indicates that the company has invested significant time, money, and effort in research and development activities within the organization. It also indicates that the company is evolving and constantly striving to bring newer and better products or services into the market. However, patents need to be also looked at as business opportunities and should, ideally, align with the business strategies of the company. Owning a patent gives a company the legal right to commercially exploit its innovation and prevent competitors from imitating or replicating its innovation. Every innovative company, therefore, needs a good Patent Strategy to be successful in the long run....