The Patent cooperation Treaty is new agreement for international cooperation in the field of the patents, which provides a unified procedure for filing patent applications.
Chiefly, it is a treaty for cooperation and rationalization with regard to the PCT filing procedure, searching and examination of patent applications and the dissemination of the technical information contained therein.
The Patent Cooperation Treaty (PCT) is a cost-effective and efficient way to enter into the patenting process in several countries at one time. Although the PCT procedure does not result directly in the issuance of any national patents, it provides many important benefits for applicants contemplating foreign filing. The most important objective of the PCT filing is to simplify and to render more effective and economical in the interests of the users of the patent system and the offices that have responsibility for administering it.