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  Submitted by: Nitesh Dalal Nishant Agrawal Omkar Patne Pankaj Khanna Nutush Mishra Nancy Gupta  What is a Patent:  A Patent is a form of Intellectual Property Right which is granted and protected by the law. It is an exclusive right granted to a person who has invented a new and useful article or has invented an improvement of an existing article or a completely new process of developing an article.  Patent is an exclusive right granted to the patent holder, for a limited period, as a reward for creative work based on his private initiative. After the expiry of patent  protection, the invention becomes general property and anyone can use it.  History of Indian Patent Law:  In 1957, Government of India appointed Justice N. Rajagopala Ayyangar to examine and review the Patent law in India who gave his report in September 1959 recommending the retention of Patent System despite many drawbacks. The bill was passed by both the houses of the Parliament and the Patents Act 1970 came into force on 20th April 1972 along with Patent Rules 1972.   Since its enforcement, the Act has been amended on five instances by: ã The Repealing and Amending Act, 1974 (Act 56 of 1974) ã The Delegated Legislation Provisions (Amendment) Act, 1985 (Act 4 of1985) ã The Patents (Amendment) Act, 1999 (17 of 1999)   ã The Patents (Amendment) Act, 2002 (38 of 2002)   ã The Patents (Amendment) Act, 2005 (15 of 2005)  
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