Patent: IP In Everyday Life

Patent: IP in everyday life

I noticed this  tribolt lock (which can be seen below)carrying prominent notices about the Intellectual Property related to it (seen below)The above notice is an example of a good patent notice, in that it complies with S.111(1) of the Indian Patent Act, 1970, which reads asIn a suit for infringement of patent, damages or an account of profits shall not be granted against the defendant who proves that at the date of the infringement he was not aware and had no reasonable grounds for believing that the patent existed.