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Patent is a Monopoly right

A Patent is a monopoly right

A patent is a monopoly right granted by the Government through the patents office to an individual who has invented a product or process.

The basic objectives for granting a patent:
ƒæ     to inform the public through publication of details from the application of the latest technological advances. ...

Patent protection is available for products and processes that satisfy four basic requirements of patentability.

Patentability under the 1977 Act is based on Articles 52-7 of the European Patent Convention.

Section 1 (1) of the 1977 Act states that a patent may only be granted if the inventive step is
ƒæ     new (or novel) (S. ...

Whereas it is not permissible to patent a discovery it is possible to patent an invention that embodies that discovery.

SHOULD THE PATENT SYSTEM ISSUE PATENTS FOR DNA SEQUENCES

Recent case Biogen V Medeva plc 1997.

The plaintiffs had obtained a patent for recombinantly produced DNA molecule coding for the Hepatitis B virus. ...

Contrary to popular belief the patent system has been patenting genes for the last 20 years. ...

This is the main issue for the patent system.


Approximate Word count = 905
Approximate Pages = 3.6
(250 words per page double spaced)
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