WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?

Posted on 4 December 2018Categories Business, Entrepreneurship, Legal Advisor, StartupTags ,   Leave a comment on WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?

    For an invention to be patentable, it must satisfy three basic requirements. It must be: (1) new (novelty); (2) result from inventive activity (inventive step); and (3) capable of industrial application. Novelty: Newness or novelty of a product is fundamental to patentability. The invention must not be previously known by others or previously available in the public domain. The invention claimed is set side by side with what is already known about the particular area of the invention. … Continue reading “WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?”

THE NEED FOR PATENT PROTECTION

Posted on 23 November 2018Categories Business, Entrepreneurship, Legal Advisor, StartupTags , ,   Leave a comment on THE NEED FOR PATENT PROTECTION

Patent is an exclusive right granted for an invention i.e. a product or process that provides a new way of doing something or provides a technical solution to a problem. It may either relate to a product (product patent) or to a process (process patent). A patent protects new inventions and gives the owner the right to prevent other persons from using, importing or selling the invention without the owner’s permission. In Nigeria, a patent is granted to the person … Continue reading “THE NEED FOR PATENT PROTECTION”