A patent protects an invention that is a ‘method of new manufacture’. It gives exclusive use of an invention for up to 20 years and can become a valuable business asset that can be bought, sold, transferred or licensed.
The Patents Bill passed its third reading on 28 August 2013. The new Act will replace the Patents Act 1953 and provide a modern patent system in New Zealand.
Patents Act 1953 review Cabinet papers and related documents.
As part of the review of the Patents Act, the government considered whether or not an experimental use exception should be incorporated into New Zealand's patent law.