Showing posts with label PROCESS PATENT vs PRODUCT PATENT. Show all posts
Showing posts with label PROCESS PATENT vs PRODUCT PATENT. Show all posts

Sunday, February 23, 2025

PROCESS PATENT vs PRODUCT PATENT, Compulsory Licensing


 TYPES OF PATENT :

        PROCESS PATENT

        PRODUCT PATENT

PROCESS PATENT :

The patent is granted for a particular manufacturing process, and not for the product itself. 

Issues with Process Patent :

  • Any other person can produce the same product by minor tinkering with the  PROCESS.
  • Process patent regime gives less protection for the inventor. 
  • The benefit of process Patent Regime is that it reduces the element of monopoly.

PRODUCT PATENT :

  • In the product patent regime, it is an exclusive right given to the original inventor of a product. 
  • This means that no other manufacturer can provide the same product even by using any of the process. 
  • India’s 1970 Patent Act allowed only Process Patent while Indian Patents (Amendment) Act, 2005  complied with WTO’s TRIPs provisions provides for Product Patents.
  • TRIPs follow the Product Patent Regime.
  • The term of protection of an Indian patent is 20 years from the date of filing of the application.

COMPULSORY LICENSE (CL):

  • Compulsory License (CL) provides for third party to make, use, or sell a patented invention without the patent owner's consent .
  • Compulsory License (CL) is  issued by the government to an applicant for making, using and selling a patented product .
  • Section 84 and 92 of the Indian Patent Act,1970 pertains to the grant of Compulsory License.

Compulsory licenses are granted if: 

        Reasonable requirements of the public wrt the patented invention have not been satisfied;

        Patented invention is unavailable to the public at affordable price.

        Patented invention is not used in India.

INDIAN PATENT ACT AND COMPULSORY LICENSING :

Section 84 and Section 92 of the Indian Patent Act,1970 pertains to the grant of compulsory licenses. 

Section 84 of the (Indian) Patent Act,1970: 

It provides that after three years from the date of the grant of a patent, any person can apply for the compulsory license, on certain grounds:

  •      Reasonable requirements of the public wrt the patented invention have not been satisfied;
  •         Patented invention is unavailable to the public at affordable price.
  •         Patented invention is not used in India.

Compulsory license can only be granted  after three years from the date of the grant of patent unless exceptional circumstance .


Section 92 of the 1970 Indian Patents Act:

  • Central Government has the power to allow Compulsory Licenses to be issued at any time in case of a national emergency or circumstances of extreme urge.


D-Systemically Important Banks (D-SIBs)

  D-Systemically Important Banks (D-SIBs): Systemic risk:  Systemic risk  can be defined as the risk associated with the collapse or failure...