Section 62 of The Patents Act, 1970, PA : Section 62: Rights Of Patentees Of Lapsed Patents Which Have Been Restored
The Patents Act, 1970, PA
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Explanation using Example
Consider a situation where Mr. Smith holds a patent for a unique type of solar-powered vehicle. Due to some reasons, he is unable to pay the renewal fees on time and the patent ceases to have effect. In this period, a company named EcoVehicles, unaware of the patent's existence, starts developing a similar solar-powered vehicle.
Later, Mr. Smith manages to restore his patent and wants to exe...
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