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
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).