Before we answer this question, it is important to first understand what intellectual property or IP is. IP refers to intangible assets created by human intellect. e.g. copyright on any story, trademark for a logo, design for the shape of a bottle, etc. Similarly, patent is also a type of IP granted for an invention which fulfills the statutory requirements. By way of this IP, you basically get some rights. Now coming back to patents, shorn of its statutory intricacies and procedural niceties, a patent most simply put is a right bestowed on a person, by which he can prevent others from using his invention without his consent. The key word above is invention. Not every product or process you develop qualifies to be an invention. It has to be ‘novel’. It also shouldn’t be very obvious. To make things more confounding, some things aren’t patentable at all, no matter…