{"id":4267,"date":"2021-04-21T08:26:19","date_gmt":"2021-04-21T08:26:19","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=4267"},"modified":"2021-04-21T08:26:21","modified_gmt":"2021-04-21T08:26:21","slug":"patent-term-extension","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/","title":{"rendered":"An Overview of Patent Term Extension"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A Patent is an imperative part of Intellectual Property Right (IPR). It provides an exclusive right to the actual inventor on <strong><a href=\"https:\/\/swaritadvisors.com\/patent-registration\">Patent Registration<\/a><\/strong> for a unique and distinct invention made by the inventor, a patentable subject, original, and proficient for industrial application. An independent authority has the authority to issue a lawful document to the inventor to create, sell and use their invention for a specific number of years with a common term of 20 years. However, there is a requirement for Patent term extension to give the inventor more time to use their invention for the objective of advancement and growth of invention. Scroll down to check more information regarding the Patent Term Extension in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2a83be1790d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2a83be1790d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/#What_is_the_meaning_of_Patent_Term_Extension\" title=\"What is the meaning of Patent Term Extension?\">What is the meaning of Patent Term Extension?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/#Extension_of_Patent_Term_Why_is_it_Necessary\" title=\"Extension of Patent Term: Why is it Necessary?\">Extension of Patent Term: Why is it Necessary?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/#What_are_the_Effects_of_Patent_Term_in_India\" title=\"What are the Effects of Patent Term in India?\">What are the Effects of Patent Term in India?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/#Condemnation_on_the_Extension_of_Patent_Term\" title=\"Condemnation on the Extension of Patent Term\">Condemnation on the Extension of Patent Term<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-term-extension\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_meaning_of_Patent_Term_Extension\"><\/span>What is the meaning of Patent Term Extension?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This\nperiod of time can be increased only by following both constitutional laws and\nconventional laws that particularly provides for the requirement of Patent term\nextension and can extend the Patent term for not more than five years. Previous\nfew years, there is much dispute on the extension of the time period of Patent\nbecause most of the inventor&#8217;s time is delayed at the time of application\nprocess and examination of consents from various regulatory bodies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_Patent_Term_Why_is_it_Necessary\"><\/span>Extension of Patent Term: Why is it Necessary?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are some reasons for the Patent Terms Extension. The current timeline of a Patent grant was made mandatory by the <strong>TRIPS agreement<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/TRIPS_Agreement#:~:text=The%20Agreement%20on%20Trade%2DRelated,World%20Trade%20Organization%20(WTO).\"><strong>[1]<\/strong><\/a><\/sup>. At current, the extension time of the Patent is not allowed in India. Although there are some reasons which can be considered for Patent Extension and you can check all the reason below:<\/p>\n\n\n\n<ol><li>During the Patent examination process, the\ninventor has to pay a high amount of maintenance fees;<\/li><li>Other regulatory bodies can also be the reason\nfor the delay in providing consent due to various tests for checking the Patent\nprocessing;<\/li><li>While the inventor files an application and\nsubmits it to the IPO or Indian Patent Office for consent for their invention.\nThis way of processing of the application takes half of the time of the Patent\ngranted;<\/li><li>Patent term extension will aid to improve many\nbusinesses if they have to attain regulatory consent for a medicine or drug;<\/li><li>Due to such the extension of a Patent, the\nactual inventor can get benefit to gain financial benefits of the invention,\nwhich they couldn&#8217;t receive at the time of inspection of Patent application;<\/li><li>In the case of pharmaceutical inventions in\nIndia, even when the Patent is granted to the inventor, the patented product is\nnot permitted to be promoted for quite a few years;<\/li><li>The extension of a Patent will serve the primary\ncause of providing under Intellectual Property Rights (IPR), i.e., promoting\ninnovation in the industry. The inventors will be able to work easily for the\nimprovement of their invention and encourage development.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Effects_of_Patent_Term_in_India\"><\/span>What are the Effects of Patent Term in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>RCEP\n(Regional Comprehensive Economic Partnership)<\/em><\/strong> is an authority of free\ntrade agreement between the Asia Pacific Countries and has fifteen signatories.\nRCEP has reawakened the debate regarding the Patent term. It has estimated to\nfurther extend the current twenty-year Patent term for pharmaceuticals. On\nconsidering the proposal as mentioned above it was noticed that the proposal of\nPatent is not appropriate for India, as here the Patent control for twenty\nyears is in itself anticipated as too long because it blocks actual competition\namongst various inventors.<\/p>\n\n\n\n<p>This is\nspecifically considered remembering the advertisement of technologies with time\nand requisite, which is going too fast. The RCEP wanted to increase the\nspecified time period to an inventor for Patent applications during the\nevaluation of the specific originality of invention in conformity with the\nrequirements of Patentability.<\/p>\n\n\n\n<p><strong><em>Following\nare the effects of Patent Term Extension:<\/em><\/strong><\/p>\n\n\n\n<ol><li>Extension of Patent term will bring a prior\nPatent application representing the absence of novelty of the invention. This\nprior publication will not be permitted to be a part of the inspection or\npermit opposition proof;<\/li><li>Extension of Patent could disapprovingly have an\neffect on access to the financial medicines that are manufactured by the\nconventional pharmaceutical companies;<\/li><li>Postponement of the time period for Patent will\nmake patenting simpler for organizations and companies;<\/li><li>The longer period of Patent for pharmaceutical\ncompanies will cause deferment in the passing of traditional forms, which could\nundesirably affect the access to sensibly priced medicines. <\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Condemnation_on_the_Extension_of_Patent_Term\"><\/span>Condemnation on the Extension of Patent Term<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>With the Patent extension, it will affect longer\nindividuality for the invention, and thus, it will take more time for the\ntechnology covered by the Patent to come under the public domain. Therefore,\nPatent term can make a technological lock-in;<\/li><li>Even the TRIPS agreement doesn\u2019t require the\ninventors to give such extension benefit that means there is no obligation in\nIndia to grant Non-Patent exclusivities and the extension of Patent Term;<\/li><li>The facility of granting the extension of Patent\nterm and non-patent exclusivities will require the inventors the formation of\nthe Patent Linkage System in India, which is not currently in effect. India is\nnot planning to form any Patent linkage system because it has not entered any\ntrade agreement which commands such provisions;<\/li><li>If such provisions are implemented, they would\nextremely cause delay to the entry of common varieties of the drugs into the\nmarket. India is an emerging nation, and it always takes decision taking into\nthought the needy and deprived sections of the society so it will not grant the\nPatent term extension.<\/li><\/ul>\n\n\n\n<p><strong><em>Note:<\/em><\/strong> India\nis not a signatory to any trade agreements such as TPP or Trans-Pacific\nPartnership, RCEP (Regional Comprehensive Economic Partnership. Such trade\nagreements, which are influenced by the largepharma companies of the developed\nnations, consists of a new regime called TRIPS Plus. However, India is not\nobligated for the same.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The advanced nations search for Patent term extension considering that it is vital to recovering the costs from R&amp;D. The objective of extension has the same point of view that this time period of extension could add up to the loss caused at the time of apply for the inspection by the regulatory bodies or due to the delays caused by the Patent office, but such arguments are unjustifiable.<\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/benefits-of-patent-registration-in-india\/\">What are the Benefits of Patent Registration in India?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Patent is an imperative part of Intellectual Property Right (IPR). It provides an exclusive right to the actual inventor on Patent Registration for a unique and distinct invention made by the inventor, a patentable subject, original, and proficient for industrial application. An independent authority has the authority to issue a lawful document to the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[591],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4267"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=4267"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4267\/revisions"}],"predecessor-version":[{"id":4276,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4267\/revisions\/4276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/4268"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=4267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=4267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=4267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}