Benefits of Registering a Patent in Noida

Benefits of Registering a Patent in Noida

Benefits of the Patents Act of 1970 include the following:

Legal Safeguard: Registration provides the patent holder robust legal protection. The ability to sue the infringer and demand payment is available to the patent owners. In the absence of registration, this protection is useless.

Trade or Sell Patent: To generate revenue, a patent owner might just sell, transfer, or franchise their invention.

Twenty Years of Relevance: A patent registered with Noida is good for 20 years from the registration date.

Supports Enterprise Expansion: An inventor with a registered patent will get access to prospects for capital growing in addition to business expansion.

Get Royalties: The patent holder may get royalties by licensing their product to another company.

Monopoly: After patent registration, businesses and investors can benefit from market monopolies and gain advantages over competitors.

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