A Critical Analysis On Challenges Faced On Patent Monetization In Special Reference With Indian Law

This research explores the vital role of Intellectual Property (IP) in today's globalized and innovative business environment, where it has transformed from a legal concept to a key corporate asset. By examining the evolution of IP from a protective mechanism to a driving force behind economic growth, this study highlights its significance in fostering innovation, creativity, and competitiveness. With a focus on patents as a valuable intangible asset, the research demonstrates how IP ownership enables individuals and organizations to capitalize on their inventions and creations. Through a detailed analysis of IP commercialization strategies, particularly patent monetization, this study reveals the strategic benefits and economic value that can be unlocked by effectively leveraging IP in the marketplace.