Statistics and significance.

it is the right given to the owner of an invention to produce and sell a product, while simultaneously stopping someone from copying it.

patents are usually issued for a time period of 20 years.

Patent validity,laws,rules and regulations differ from country to country.

Exclusive rights-allows your sme to use and exploit the invention for a period of 20 years after filing.

Prevents others from commercially using your invention, establishing you as a preeminent player.

Opportunity to license or sell. Positive image for the company.

If there is a dispute between two or more parties over an infringement or some form of ambiguity over the invention, the case is settled by a court.

It is the patent holder’s responsibility to monitor the legitimacy of his patent.

The indian patent rules were recently amended and a few changes were made.

1)startups are now being recognized and can obtain the respective benefits given to them.

2)An entity is considered a startup if it is A)independent and younger than 5 years. B)a turnover of not more than Rs 25 crore

in FI.

80% rebate on fees Cost-wise, startups are now are

on par with individual persons, Faster examination process

within 105 days Up to 90% refund for application

withdrawals

FAMOUS IP AND

PATENT

DISPUTES

It is a series of ongoing lawsuits between apple and Samsung regarding the design of smartphones and tablets.

In the spring of 2011, Apple began litigating against Samsung in patent infringement suits, while Apple and Motorola Mobility were already engaged in a patent war on several fronts.

While Apple won a ruling in its favor in the U.S., Samsung won rulings in South Korea, Japan, and the UK. On June 4, 2013, Samsung won a limited ban from the U.S. International Trade Commission on sales of certain Apple products after the commission found Apple had violated a Samsung patent

Apple's evidence submitted to the court included side-by-side image comparisons of iPhone 3GS and i9000 Galaxy S to illustrate the alleged similarities in packaging and icons for apps. 

 technique of allowing customers to make online purchases with a single click

(USPTO) issued a patent for this technique to Amazon.com in September 1999. Amazon.com also owns the "1-Click" trademark.

 licensed 1-Click ordering to Apple Computer (now Apple Inc.) for use on its online store

• In 1994, Adidas and Payless got into a scuffle over stripes. Adidas had used its three-stripe mark as a logo of sorts since 1952, and had recently registered it as a trademark. But Payless was selling confusingly similar athletic shoes with two and four parallel stripes. The two companies hashed out a settlement, but by 2001, Payless was again selling the look-alikes. Fearing that the sneakers would dupe buyers and tarnish its name, Adidas America Inc. demanded a jury trial. The trial lasted seven years, during which 268 pairs of Payless shoes were reviewed. In the end, Adidas was awarded $305 million—$100 million for each stripe,

On July 31, 1790 Samuel Hopkins was issued the first patent for a process of making potash, an ingredient used in fertilizer. The patent was signed by President George Washington.

Sony files patent for new PS4 DualShock Elite controller to rival Xbox One Elite