Abstract: Every application for a patent shall be for one invention only and shall be made in the prescribed form and filled in the patent office. Nowadays countries try to improve their patent application in residential, non residential and abroad status. The economics and management of innovation has analyzed ways to measure patent value and determine value drivers. The innovation is major element that force to patent. The innovation for the purpose of development of society will give positive evidence to patent. The patent value measured in-terms of research and innovation, reward for expense of development invention and invest capital in new line which may not be profitable.
Keywords: Non Resident, OECD, Patent, Patent Application, Resident, WIPO.
Volume 4, Issue 2, 2017