When you are at a stage in your research and development work where, it can be disclosed on paper but it’s not a final invention, then you can prepare a description of the invention as provisional specification and submit to patent office to secure the priority date of the invention.
It gives following benefits:
Secures filing date
12 months of time to file complete specification
When you complete the required documents and your research work is at level where you can have prototype and experimental results to prove your inventive step you can file complete specification.
A patent registration in India can be used as the basis for patent registration in other countries, if required. Foreigners and Foreign entities can also register a patent in India, if required.
Patent registrations in India are valid for 20 years from the date of filing of patent application, irrespective of whether it is filed with provisional or complete specification.
Patent registration creates an intellectual property, which is an intangible asset for an organization. Registered patent is an intangible asset that can be sold, franchised or commercially contracted.
Patent registration will provide a unique competitive edge for the business. Competitors will not be allowed to use the patented invention for similar goods or services.