A Patent is a statutory right for an invention granted for a specific duration by the Government, in exchange for full disclosure of his invention which excludes others, from making, using, selling, importing the patented product or process for producing that product for those purposes without the consent of the inventor. The person who applies for the patent is called a “Patentee”. The granted patent rights not only safeguard the invention of an inventor, but also gives the inventor ownership of the invention. The Patents laws in India are governed under the provisions of the Patent Act, 1970. A patent gives the inventor monopoly over his creation and to exploit it for monetary benefits. Few types of Patents that can be commonly seen in India are Utility Patent, Provisional Patent, Design Patent and Plant Patent. Patents rights are territorial and are only enforceable in the country where the Patent has been filed, however the Patentee can apply for the same Patent by filing a corresponding application under the PCT (Patent Cooperation treaty) which reduces the paperwork and speeds the process. PCT was founded in 1978 with 18 members has reached a total of 153 countries.