A patent is a set of exclusive rights granted to the innovator to guard his interests for the upcoming 20 years or so, when no one else can copy the item or has to pay royalties to do so. The complete framework behind this was to be sure the innovator gets monitory and first mover advantages for his research and development, to make certain folks have incentives to do more research and technologies keep coming in markets for the welfare of humanity. Little did the creator of patents law knew that it will be used to hinder the expansion, create monopolies, used to backfire/compress or terminate competitors and as a medium to earn riches.

But, it offers degraded to your level in which a company can just discuss out additional features and file Patent Your Idea for the same. The end result is many companies earning millions and millions not since they manufacture such quality products, because these people were the first one to think about a concept. Today’s MNCs don’t shy away in extracting exorbitant amount in royalty fees, licensing fees, court claims and settlements. Just one new product brings about utilization of a large number of old patents (using their licensing fees) and introduction of two dozen more patents. A patent is not really supposed to be for how you will scroll content upon an iPhone or the amount of image processors in a single Kodak camera. Needless to say the patent could be for that part of hardware, the circuit or even the code written. But, if a person else has the capacity to produce similar or better output with their own code, hardware or circuits, that fails to get them to prone to pay the other company.

What the law states firms, not understanding any nuances of technologies, blindly approves patents and produces a ground for patent wars.

Its unsurprising to sees the world’s largest and oldest manufacturer Nokia, fighting with new niche premium mobile manufacturer Apple over the patent wars. Nokia sued Apple over usage of signalling techniques, Apple fired back over the usage of scrollbars and Nokia again filed a whole new lawsuit against Apple’s iPad. The war similar to the situation when Kodak sued Apple and Apple countersued Kodak.

This war is made for patents, but, it is really not because these companies are hindering innovation or were unable to recover their research and development charges due to the other’s patent infringement. This war is totally based upon greed, the greed top earn more and eat each other’s profit share. Finally, the 2 is going to do an from court agreement, something similar to, you scratch my back and I’ll scratch yours.

Maybe American companies could also study from these MNCs and start creating a pile of patents. This way the big telecoms can just sit back and earn royalties. Poor Bharti Airtel, if Mr. Sunil Mittal had filed Prototype Services Inventhelp for caller tunes or missed call alert service, Airtel might have crossed all their barriers with regards to growth and had been world’s largest telecom company. On the similar lines, if Infosys had patented its global delivery model, it could have easily axed the competing firms along with ruled the offshore IT business. No matter how ridiculously stupid the aforementioned ideas appear to be, the US patent history is full of such applications and many of them are accepted as well.

So, if we knew day one day we are able to not manufacture even board games without having to pay royalties, we might have patented a dice, that has been used and discussed in India because the times of Mahabharata.

What’s urgently required is formation of the good panel which does a complete investigation before approving patent and constantly reviews any approved patent. When the company filing the patent, don’t use it within next 3-five-years, the patent becomes null and void, if patent seems irrelevant after 3-five years then it ought to be discarded. The same should be carried out just in case where company filing patent has recovered all research and development expenses related to patent and all of past unsuccessful trials and has already made handsome profits with the same. In the event the patent filing company keeps licensing their patents to other companies, the patent should expire much earlier than the 20 year span. Even though one of the above rules are materialized, the patent market will be a lot more regulated and tznwus won’t be such high exploitation from the Inventhelp Invention Ideas.

So, when RiceTec applied a patent for Basmati rice, the first question might have been that why they want to use the word Basmati, the premium American and Pakistani rice breed, that is most favored and dear. Another research could have said that their genetic breed has qualities of extra long length, width and fragrance that are all associated with the traditional Basmati breed harvested near Himalayas. After such findings, they would have been interrogated on the utilization of brands ‘Texmati’ and ‘Kasmati’ (name sounding comparable to Basmati) labeled to deceive buyers. When the entire case was developed, the company should have been required to stop selling any type of rice altogether.

But, none of the above action points is ever going to be used in a land where any corrupt company can lobby the government ruling the land and force those to add new injunctions in law or amend legal requirements within their favor.

Inventhelp Prototype Service – Why So Much Interest..

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