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www.spnglegal.com_____________________________________________________________________________________ Life Span of Patent• Under the Act, a patent may be granted either for a product or for a process. Whichever the casemay be, subject to regular payment of the annual fees due, patents shall be valid for twenty yearsfrom the date of the filing of the relevant patent application.Rights Conferred by PatentUnder the PDA, the grant of a patent confers on the patentee the right to preclude all other persons fromdoing any of the following acts:a. where the patent has been granted in respect of a product, the act of making, importing, selling orusing the product, or stocking it for the purpose of sale or use; andb. where the patent has been granted in respect of a process, the act of applying the process or doing,in respect of a product obtained directly by means of the process, any of the acts mentioned inparagraph (a) of this subsection.Like trademark, a registered patent is assignable and transmissible either in connection with the goodwillof a business or not.The Patentee, whose patent has been infringed, can make claims for remedies such as damages, injunctionand accounts. The Federal High Court has the exclusive jurisdiction for entertaining action brought underthe Patents and Designs Act._____________________________________________________________________________________Doing Business in NigeriaAn Investor’s Guide- 2013Page 31 of 36