The patent provides a monopoly over an invention to the inventor. The filing of patents and its grant is a long tedious process that takes up to 2-3 years. Due to its nature of the invention and the cost that is involved with R&D, it is highly imperative to decide where to seek the patent rights and the expenses involved. An effective strategy of filing for patent... Read More
Patent Cooperation Treaty (PCT) is a multilateral treaty concluded in Washington in 1970 and came into force in 1978. It is administered by the International Bureau (IB) of the World Intellectual Property Organization (WIPO), Geneva.
PCT provides a platform for applicants seeking patent protection for their inventions internationally. By one... Read More