One Lakh Patents granted in a single year by the Patent Office
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One Lakh Patents granted in a single year by the Patent Office

Context:

Recently, the number of patents granted by the Indian Patent Office has crossed the one lakh mark for the first time this year.

Key Highlights

  • The Patent Rules, 2024 has been officially notified to simplify the process of obtaining and managing patents, thus representing a crucial step in promoting innovation and economic growth.
  • These rules incorporate provisions designed to streamline the patent acquisition and management process, creating a favourable environment for inventors and creators.
  • This is meant to help inventors and creators and boost the country’s economy by promoting science and technology, as part of the Viksit Bharat Sankalp vision.

Salient features of the revamped Rules

  • Unique provision for New ‘Certificate of Inventorship’ has been introduced to acknowledge the contribution of inventors in the patented invention.
  • Renewal fee has been reduced by 10% if paid in advance through electronic mode for a period of at least 4 years.
  • Frequency to file the statements of working of patents in Form 27 has been reduced from once in a financial year to once in every three financial years.
Patent1. Patent granted on invention of new product or it process.
2. Given for a period of 20 years.
3. Functions under Ministry of Commerce and Industries.
4. It is governed by Indian patent act 1970 act.
Geographical Indication1. It’s a legal recognition given to products, like food or crafts, that come from a specific geographic location. For example: Rasagola (Odisha).
2. Once a product gets this special label, no one else can use the name to sell similar stuff.
3. Given for period of 10 years and can be renewed on payment of renewal fee.
4. Functions under Ministry of Commerce and Industries5. They are issued as per Geographical Indications of Goods (Registration & Protection) Act, 1999
Copyrights1. It legally protects the rights of creators over their literary and artistic works.
2. Examples, music, painting, books, computer programs etc.
3. Given for the period of 60 years.
4. Regulated by Ministry of commerce and Industries.
5. It governs under The Copyright Act, 1957 along with Copyright Rules.
Industrial Design1. Industrial design can encompass three-dimensional elements like an object’s shape, as well as two-dimensional features such as patterns, colors, and lines.
2. Registration of a design lasts for 10 years from the date of registration which can then be renewed for another 5 years. However total term for registration cannot exceed 15 years.
3. Ministry of commerce and Industries.
4. It administered by the Designs Act , 2000 and corresponding Designs Rules , 2001.
Trade Marks1. It may be a word, sign, and symbol or even graphic that is applied to a company, goods or services to distinguish them from those of the competitor.
2. Given for period of 10 years.
3. Functions under Ministry of Commerce and Industries.
4. Trade Marks Act 1999.

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