What is Patent?
A patent is a legal right granted to an inventor or their assignee, providing exclusive protection for a new invention for a specified period. In Switzerland, patents are governed by the Swiss Patent Act and administered by the Swiss Federal Institute of Intellectual Property (IPI). A patent allows the holder to prevent others from using, producing, or selling the invention without authorization.
Key Features of Patents in Switzerland
To qualify for patent protection in Switzerland, an invention must meet specific criteria:
- Novelty: The invention must be new and not previously disclosed to the public.
- Inventive Step: It must involve a significant advancement over existing knowledge or technology.
- Industrial Applicability: The invention must be practical and capable of being produced or used in an industry.
Patents in Switzerland are valid for up to 20 years, provided renewal fees are paid annually. However, patents for methods of treatment or diagnostic techniques are not granted in Switzerland, aligning with ethical standards.
Benefits of a Patent
A patent provides legal protection, ensuring the inventor can capitalize on their innovation without the risk of unauthorized use. It enhances the value of intellectual property, attracts investment, and fosters innovation in industries ranging from technology to pharmaceuticals.
In Switzerland’s innovation-driven economy, patents play a crucial role in safeguarding creativity and ensuring a competitive edge in the global market.