Need For a Patent System

Encourages an inventor to disclose his invention

Encourages R & D activities as the industries can make use of the technology, & avoids redundant research

Provides reasonable assurance for commercialization.

Provides an inducement to invest capital in the new lines of production and thus, help for technical development and upgradation.

One may get a very good return of income through Patent Right on the investment made in R & D.