Practical Guide on Patent Laws

What Will You Learn?

• Being a Patent Agent is a rewarding profession. After becoming a patent agent, a student with a science, technology, or engineering background has the following career options:
• Work in a law firm, LPO or KPO, or R&D-based corporate - A beginner with a solid understanding of the Patents Act can expect a starting salary of Rs. 22,000 – 28,000 which rises steadily as the expertise grows.
• Foreign-based multinationals are outsourcing their work to India - A fresh patent agent working in an MNC may start at Rs. 35,000.
• Work as a consultant or freelancer - The remuneration of an independent Patent Agent is determined by the number of clients served and the services provided.
• A salary of one lakh or more is usual for an experienced patent professional (a conservative figure). Therefore, the salary of a patent agent in India ranges from 3.0 lakh to 20 lakh per annum.
• Get Hired by Law Firms & Senior Advocates: In order to service a larger client base, many law firms are broadening their fields of practice and looking to acquire IP attorneys.
• Opportunity to work as In-House Counsel: MNCs and enterprises that deal with inventions or innovations are willing to invest in an in-house lawyer who is also familiar with patent law. Though patent agents handle the filing, an in-house counsel's practical understanding offers them an advantage when such services are outsourced and they have to act as a bride on the company’s behalf.
• Exposure of work with Start-Ups: Patent Attorneys are also in high demand as the number of technical start-ups grows and they need Advocates who are well aware of IPR ways to reduce the cost of hiring a number of specialists.
• Become an entrepreneur: Patent Attorneys can start their individual practice, and collaborate with multiple startups and companies in order to offer their services.