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Sec 68, Patents Act 1970: Assignments not to be valid unless in writing & duly executed

Section 68 (Assignments, etc., not to be valid unless in writing and duly executed) under Chapter XIII (Register of Patents) of the Patents Act, 1970 ⦂―

❝An assignment of a patent or of a share in a patent, a mortgage, licence or the creation of any other interest in a patent shall not be valid unless the same were in writing and the agreement between the parties concerned is reduced to the form of a document embodying all the terms and conditions governing their rights and obligations and duly executed.❞



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Notes:
The Patents Act, 1970 was amended by :
- the Patents (Amendment) Act, 1999 (No. 17 of 1999);
- the Patents (Amendment) Act, 2002 (No. 38 of 2002);
- the Patents (Amendment) Act, 2005 (No. 15 of 2005).

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