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1. Historical background, Subject matter of Patents – Tripple test 2. Invention and its attributes, Inventor and application, opposition, Revocation of Patents 3. Right and Restriction, Infringement and Principle of Construction of specification 4. International aspects This explores the multifaceted landscape of global intellectual property (IP), with a specific focus on the legal and economic shifts occurring in developing nations. Central to the discussion is the TRIPS Agreement, which establishes international standards for patent protection while requiring a delicate balance between innovation incentives and the public’s need for affordable technology. Key legal concepts are examined, such as the Doctrine of Equivalents used in infringement cases like FMC Corporation v. Natco Pharma, and the Patent Cooperation Treaty, which simplifies the international filing process. The texts also detail the technical requirements of patent specifications, including the necessity of clear claims and the role of novelty in securing a monopoly. Furthermore, case studies from countries like India, Chile, and Malaysia highlight the practical challenges of modernising IP infrastructure and enforcing rights in diverse sectors. Ultimately, the sources underscore the importance of competition policy to prevent the abuse of exclusive rights and ensure that technological advancements benefit broader society.