Which among the following is not a correct statement regarding patent ?
Identify the correct statement about patent
A patent is a legal protection granted for an invention that is new, non-obvious and useful.
The patent grants the patent holder the exclusive right to make use or sell the patented products or process.
The exclusive purpose of the patent system is to benefit the patent holder.
The Indian Patent Act, 1970, was amended and made effective from January 1, 2005.