https://www.taxtmi.com/article/detailed?id=14284 The Patents Act, 1970 sets the legal framework for granting and enforcing patents by requiring novelty, inventive step and industrial applicability, excluding certain subject matter, and providing for provisional and complete applications, substantive examination, pre and post grant oppositions, and statutory enforcement rights. Patents grant time limited exclusivity subject to renewal fees, while the Act permits parallel imports and contains a compulsory licensing mechanism and procedural provisions aligned with international obligations to balance inventor rights and public interest. en-us Fri, 02 May 2025 08:55:17 +0530 Fri, 02 May 2025 08:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14284 The Patents Act, 1970 sets the legal framework for granting and enforcing patents by requiring novelty, inventive step and industrial applicability, excluding certain subject matter, and providing for provisional and complete applications, substantive examination, pre and post grant oppositions, and statutory enforcement rights. Patents grant time limited exclusivity subject to renewal fees, while the Act permits parallel imports and contains a compulsory licensing mechanism and procedural provisions aligned with international obligations to balance inventor rights and public interest. Articles Other Topics Fri, 02 May 2025 08:55:17 +0530 https://www.taxtmi.com/article/detailed?id=14284