BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1) have invented a product that you intend to market yourself or sell to a manufacturer
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2) believe that someone else could successfully sell the product by copying your invention
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Both 1 and 2.
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None of 1 and 2.
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Detailed explanation-1: -Patents are not legally required before you sell your product or profit from your idea. There are many products and services sold in the United States that are not patent-protected. However, a patent is necessary if you want to prevent others from making marketing, selling, or importing your invention.
Detailed explanation-2: -In order for an invention to be patentable, the invention must be considered to be new or novel. This novelty requirement states that an invention cannot be patented if certain public disclosures of the invention have been made.
Detailed explanation-3: -Section 2(1)(ja) of the Indian Patents Act, 1970 defines inventive step as: “inventive step” means a feature of an invention that involves technical advance as compared to the existing knowledge or having economic significance or both and that makes the invention not obvious to a person skilled in the art.