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Patent Law-innovations | Open Access Journals
Business and Economics Journal

Business and Economics Journal

ISSN: 2151-6219

Open Access

Patent Law-innovations

A patent provides its owner with the proper to exclude others from exploiting the proprietary technology, including, for instance, making, using, or commercialism the proprietary invention. This “exclusive right” allows the patent owner to recoup development prices and procure a come of investment within the development of the proprietary technology. Effective patent protection stimulates analysis and may be a key demand for raising working capital. it's additionally crucial to overall economic process. An organization that decides to file patent applications ought to adopt a strategic approach that obtains worth from patents whereas minimising prices related to getting the patents.

As per available reports about 700 journals, 1000 Conferences, 250+ workshops are presently dedicated exclusively to property law and about 366282 articles are being published on these trends in property law. In terms of research annually, USA, India, Japan, Brazil and Canada are a number of the leading countries where maximum studies associated with proteomics are being dole out. Protection of property rights aren't in and of itself violates any competition provisions. The target of competition law is to ban anti-competitive practices and also the objective of both the stream is wealth maximization in any economy. property protection is critical to foster innovation and choices of products within the market. It infuses efficiency within the market and increases consumer welfare. India is within the nascent state of its administration of competition laws.

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