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(Patent
Infringement means the terms of the claims which inform people about what is
not allowed to use or copy without the consent of the holder)

It
also acts as a barrier to entry for the competitors. Competitors may consider
the risks of patents infringement higher than the rewards of potential profits.

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4.      Reduce competition

 

It
is a kind of demonstration of the high level of specialization and expertise
within your company. It also serves as an indicator of achievements in R&D
institutions and helps to frame the business strategy according to the new
trend of technology.

3.      Higher profit margins

 

A good thing about
patenting is that you can license it so that others can also use it or even
sell it. This could be an important source of revenue for your organisation.

2.     
Increases overall
corporate value

 

It gives the right
to stop others from manufacturing, selling or copying your invention without
your consent. It thereby rewards originality as well as innovation.

1.     
Promotes
innovation

 

MOTIVES OF PATENTING (in general):

 

 

“… the inventor’s contribution is not the
invention itself—which eventually would have been made by someone else—but the
time of the invention. The patent should reward not the whole value of the invention,
but for the value of being first.” 

According to Kitch 1977:285,

 

·       
Methods of
thinking

·       
Species of animals

·       
Discoveries

Patent protection is excluded for:

 

·       
Commercially
usable

·       
Based on inventive
activity

·       
New

A patented invention can be used in
different ways. A technical invention can be patented if it is:

Source
– https://www.thefreedictionary.com/patenting

A
Government grant to
an inventor
assuring him the sole right to make, use, and sell his invention for a limited
period. It is a form of protection.

CONCEPT OF PATENTING:

Question 1(a)

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