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What is Patent Application?
All you need to know
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. To get Patent Registration, technical information about the invention must be disclosed to the public in a patent application; both natural persons and corporate entities may apply for a patent.
The grant and enforcement of patents are governed by national laws, and also by international treaties. The exclusive right granted to a patentee in most countries is the right to prevent others, or at least to try to prevent others, from commercially making, using, selling, importing, or distributing a patented invention without permission.
We, at ThinkBiz Filings, will help your invention getting legally patented with end-to-end support from our experts.
Importance of patents:
• Important source of scientific and technical literature
• A treasure-house of scientific inventions
• Avoids duplication
• Paves way for further discoveries
• Stop re-inventing the wheel
• Identifies emerging technologies, emerging areas.
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Our Pricing
ESSENTIAL
- Patent Application for complete specifications registration of device patents (non- provisional) with the Indian Patent Office. Complete drawings/ illustrations, abstract and claims.
Our Pricing
ENHANCED
- Patent Application for complete specifications registration of design and medical patents (non- provisional) with the Indian Patent Office. Complete drawings/ illustrations, abstract and claims
Our Pricing
ULTIMATE
- Patent Application for complete specifications registration of device, design or medical patents (non- provisional) with the Indian Patent Office. Invention description and drawings/ illustrations, Abstract and claims
Compliance Requirements for a Partnership Firm
Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.
Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.
Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.
firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency
Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.
Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.
Documents Required for Partnership Firms
Key Benefits of a Partnership Firm
Points to make your decision easy
Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.
Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.
Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.
Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.
Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.
Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.
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Get answers to all your queries
- A patent is an exclusive right granted to an inventor for a new invention, providing legal protection against unauthorized use, manufacture, or sale for a specific period (usually 20 years).
- An invention must meet the following criteria to be patentable: ✅ Novelty – It must be new and not disclosed anywhere in the world. ✅ Inventive Step – It must involve a technical advancement. ✅ Industrial Applicability – It must be useful in industry.
- 📌 The following cannot be patented in India: ❌ Scientific theories and mathematical methods ❌ Mere discovery of a new form of a known substance ❌ Business methods and computer programs per se ❌ Plants and animals (except microorganisms) ❌ Traditional knowledge
- The Indian Patent Office (IPO) handles patent applications. The steps include: 1️⃣ Patent search – Check if similar patents exist. 2️⃣ Drafting a patent application – Prepare a detailed specification. 3️⃣ Filing the application – Submit it online or offline. 4️⃣ Publication – The application is published after 18 months. 5️⃣ Examination – The IPO examines the application. 6️⃣ Grant of patent – If all conditions are met, the patent is granted.
- ✅ Patent application form (Form 1) ✅ Specification (Form 2) – Provisional or Complete ✅ Statement and Undertaking (Form 3) ✅ Declaration of Inventorship (Form 5) ✅ Power of Attorney (if filed through an agent) ✅ Fees payment receipt
- 📌 It takes approximately 2-5 years for a patent to be granted, depending on the complexity and objections raised during the examination process.
- 📌 The official fees vary based on the type of applicant: ✅ Individuals/Startups – ₹1,600 (e-filing) ✅ Small Entities – ₹4,000 (e-filing) ✅ Other Applicants – ₹8,000 (e-filing) 📌 Additional charges apply for examination, publication, and renewal.
- Yes, through: ✅ Patent Cooperation Treaty (PCT) – A centralized system to file in multiple countries. ✅ Conventional Application – File separately in each country within 12 months of the Indian filing.
- A patent holder can: ✅ Prevent others from making, selling, or using the invention without permission. ✅ License the patent to others for commercial use. ✅ Sell the patent rights to another entity.
- A patent is valid for 20 years from the filing date, subject to payment of annual renewal fees.
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
