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Patent Basics Hasit Seth [email protected] © Hasit Seth, 2007

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Page 1: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Patent Basics

Hasit Seth

[email protected]© Hasit Seth, 2007

Page 2: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Introductions

Name: Hasit Seth

.edu = BSc (Computer Sci.), LL.B., LL.M (Mumbai Uni., Gold Medal), LL.M (Franklin Pierce, USA)

US Patent Office Exam

Bar – New York, Maharashtra & Goa

Page 3: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Disclaimers

I am here in my personal capacity.

Views expressed are solely personal and may not be those of my present or past employers.

This is not legal advice and am not soliciting any legal work.

Page 4: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Contributing Author

Page 5: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

PATENTS

An Introduction

Page 6: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Property

A bundle of rights

Two Kinds:

Real Property – e.g., Land, Buildings, etc.

Intellectual Property – Trademarks, Patents, Copyrights

IP – Another Term is Industrial Property

Page 7: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Species of IP

Patents

Trademark

Copyright

Trade Secret

Designs

Page 8: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Criteria for Patentability

Useful

Novelty

Must not be published or known anywhere in the world

Non-obvious

Obvious combination or variation of a known thing or process

Page 9: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Subject-Matter

Machines / Systems

Processes

Articles of Manufacture

Chemicals/Substances

Biotechnology

Page 10: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Term

20 Years from date of filing

Nobody other than patent owner can

Make

Use

Sell

Offer for Sale, the invention…

Page 11: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Patent - A Govt.-Inventor Barter

INVENTOR GOVERNMENT

Discloses Invention Details to Public

20 Years of Exclusivity

Term of a Patent – 20 years from the date of filing

Page 12: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

World-Wide Patent Filings

Page 13: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

India – Patent Filings

Page 14: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Criteria for Patentability

Useful

Novelty

Must not be published or known anywhere in the world

Non-obvious

Obvious combination or variation of a known thing or process

Page 15: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

National Scope

No world patent; need to get patent in each country

Patent Cooperation Treaty (PCT) a “postal system” – 18 months window

Paris Convention – 1 year window

Page 16: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

First Indian Patent – 150 years

Issued to Alfred De Penning in 1856

“An efficient Punkah Pulling Machine”

Page 17: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

First US Patent to An Indian

Jagdish Chandra Bose!

“Detector For Electrical Disturbances”

Page 18: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

US Patent Classification

Class 977

700 – Nanostructures

839 – Mathematical Algorithms

840 – Manufacture, Treatment, Detection of Nanostructures

902 – Specified Use of Nanostructures

963 - Miscellaneous

Page 19: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

A Patent Example

A Nanostructure (Class 977/700) Patent Issued by USPTO

Page 20: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Patent Parts

Coversheet – Bibliographic Data

Drawings

Specification (Technical Description)

Claims

Page 21: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

US Patent – 6,464,806

Inventors

Assignee

Page 22: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Abstract

Page 23: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Drawings

Page 24: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Technical Description

Page 25: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Claims

Page 26: Patents, IP Commercialization - Venture Center · PATENTS An Introduction. Property ... Patents, IP Commercialization Author: Hasit Seth Created Date: 1/17/2008 2:20:59 AM

Questions?