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Written by : Felecia Difilippo |
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Thanks for this great article
Thanks for your comment Julieann Bodkin, have a nice day.
- Felecia Difilippo, Staff Member
[Applause] hello and welcome to study IQ in this session let us see what is a patent and what is the Indian baton low so paitent and Indian baton low pay dent and Indian patent low first let us see what is a patent when we talk about baton three important things have to be noted so the first thing is that patron is an intellectual property right given for inventions inventions that is the first thing to be noted so it is given for inventions the second thing to be noted is that patent is for a particular period of time that this baton is for 20 years so granting of patent is for 20 years so there is a time period for the granting of patent so after this 20 years that is this 20 years is known as the protective period of the patent so after this protective period the baton becomes a off patent so after 20 years the patron becomes off patent the word off patent or off patent means that anybody can use this patented product after a period of 20 years so after the 20 years or after the 20 years of the protective period the baton is open to the general public anybody can use this patent anybody can use this technology or the invention to make the production or make the produce so after 20 years the paetynn becomes off patent and it is open to the general public for production the third thing to be noted is that according to the TRIPS Agreement every member country has to shift from process patent to product patent so from process painted the every member country has to shift from process patent to product patent that is product patent before we discuss about product phaeton and process page and let us see what is the history of patent in India history of patent law in India history of patent law in India the first patent law in the country was passed in the year 1911 in the year 1911 the fur paetynn lowers past in our country and it was passed by the British government so the British government British government the British government passed the patent law in India in the year 1911 like all of the laws passed by the British government this slowed the baton Louis also aimed at maximizing the profit of the British companies so the aim was to maximize maximize the profit of the profit of British companies companies the aim of the slovers to maximize the profit of the British companies so with this path and the British companies charge higher prices for their products the British companies charged charged higher prices higher prices for their products and this higher prices helped them to earn maximum profit for those firms an important thing to be noted under the British patent law is that it was a product peasant not the process patent it was a product patent not a process patent so this is very important it was a product phaeton you will understand why this is important when we discuss about product patent and process patent so the British passed the first patent law in the country in the year 1911 and this was a product stated the aim of this Louis to maximize the profit of the British companies by charging higher prices for their commodities in the year of 1970 the Indian Patent Act was passed in the year 1970 the Indian Patent Act Indian Patent Act was passed this is very very important you must clearly understand what does the Indian Patent Act this is very important so let us see what is the Indian Patent Act under the Indian baton that the government allowed for process patent also along with product patents so along with along with product patent process patent was also allowed process patent verse also allowed and this process patent was allowed especially in the and pharmaceutical sector allowed especially in food and pharmaceutical sector from silicon sector and this allowed the pharmaceutical companies to produce the drugs at a cheaper price so this allowed the pharmaceutical companies to produce their drugs a cheaper price so the drugs were produced at cheaper price if you notice we will see that from the UM 1970 that is the year when we passed the Indian Patent Act from the Year 1970 to the next 20 years that is the patent is for 20 years for the next 20 years we have seen we have seen a tremendous improvement in the production of drugs especially general drugs in the country so for the 20 years we will see a tremendous improvement in the production of generic drugs in the country let us see how it this has happened as we have discussed Payton is for a period of 20 years so after 20 years the Payton becomes off patent so after 20 years it becomes off patent it means that anybody can use the technology or the invention to make their produce so after 20 years it becomes off patent suppose a particular drug was paid ended and after 20 years what will happen it becomes off patent so after 20 years anybody can produce the drug so this will be known as generic drug under general blood the composition will be the same the product will be the same the drug was the same anybody can produce it under different names so it becomes a general drug so this is how India captured the world market of pharmaceuticals so India became one of the largest producers of pharmaceuticals and drugs in the world with this introduction of process patent we were able to sell our drug set cheaper rate so we were we we were able to export the drugs even to us cheaper drugs quality was good so this increased the production of drugs in India and we became one of the largest producers of drugs in the world in short we can say that the in reduction of process patenting was the reason for the growth the pharmaceutical industry in the country again in the year 1995 India join the trade organization so India joined WTO in the year 1995 what was the impact for the Indian intellectual property rights while joining the WTO let us see so under the WTO the member countries had to comply with the TRIPS Agreement the TRIPS Agreement voltage trips trips means trade related intellectual property rights good sis trade related related intellectual intellectual property rights property rights it is a multilateral agreement of the World Trade Organization in relation to the IPR or intellectual property rights so it is a multilateral agreement of WTO relating to the intellectual property rights so under the trips agreement or the trade related intellectual property rights agreement of the WTO every member country had to shift from process patent to product feted so under trips every member country every member country had to shift from process patent process patent to product patent the obligation was that every member country has to shift from the process patent to product patent but for different member countries different time period was given in order to comply with this agreement the developed countries developed countries had to comply with it within a period of one year so for the developed countries the time was one year for the developing countries like India the time was five years so within five years they have to comply with this agreement also unclose was given that in case of any emergency the developing countries can extend this time period of five years to anot
Thanks Kacey your participation is very much appreciated
- Felecia Difilippo
About the author
I've studied actuarial science at Keuka College in Keuka Park and I am an expert in bookmobile. I usually feel enthralled. My previous job was medical secretary I held this position for 25 years, I love talking about book discussion clubs and languages. Huge fan of Miguel Bezos I practice paintball and collect eggs.
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