What are MNC’s?
A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they coordinate global management. A multinational corporation or worldwide enterprise is a corporate organization that owns or controls production of goods or services in one or more countries other than their home country. It can also be referred to as an international corporation, a transnational corporation, or a stateless corporation. Features of an MNC.

The multinational companies extend their operation to two or more countries.They establish parent office in one country and extend branches ,subsidiary and affiliation to other countries.

The multinational companies are extended to many countries.People can grasp the opportunity
People can join the multinational companies according to their capabilities. Manpower can be
well utilized in the multinational companies.

Multinational companies invest a huge amount of money on research and development of latest
technology. Therefore transfer advanced technology to developing countries through subsidiaries
and branches.

Advanced technology are used are for multinational companies. So, manpower can give well training which increase efficiency of manpower. Due to this cause, the multinational companies can provide large volume of quality products at cheaper price.

5. Monopolistic Market
Generally, multinational companies supply large quantities of quality products and services in the international Page on Market they create a separate brand name and capture a large area of
foreign market. Sometimes they even control a huge market through trade marks and patent right.

6. Product/service organization
A multinational company is based on product/service which produces a mass production of varieties of goods and services. The company consists own trade mark,patent right ,copy right and Technology for production and distribution of such goods in the international market.

7. Ownership and control
The ownership of such company is shared by both parent company and branch companies as per their capital investment. However parent company manages and control the operation of its branches and subsidiary through trade mark, technology, and patent right.

What is Patent?

Patent, is a legal document granted by the government giving an inventor the exclusive right to make, use, and sell an invention for a specified number of years. Patents are also available for significant improvements on previously invented items. The goal of the patent system is to encourage inventors to advance the state of technology by awarding them special rights to benefit from their inventions. Books, movies, and works of art cannot be patented, but protection is available for such items under the law of copyright. Patent law is one branch of the larger legal field known as intellectual property, which also includes trademark and copyright law.
Patent law centers round the concept of novelty and inventive step (or lack of obviousness). The right which they accord is to prevent all others, not just imitators but even independent devisors of the same idea from using the invention for the duration of the patent. The special potential of a patent is accordingly that it may be used to prevent all others from including any form of invention in their product and services. A patent thus poses serious difficulties for its competitors. This is why patents are not freely available for all industrial improvements but only what is judged to qualify as a patentable invention.

Work of a patent analyst in a company
The role of an analyst is to summarise the content of a patent to produce a clear and concise abstract, identifying key areas of interest, such as what is new and the use and advantages of the invention. The analyst must then classify, code, and index the patent according to the subject area, which enables customers to quickly find patents of interest.

Firms hire a patent analyst for following reasons:

• Searching prior art
• Performing market research
• Protecting your invention from infringement
• Conducting Infringement analysis
• Checking patent file histories
• Preparing Technical documents
• Searching potential licensees and collaborators
• Checking freedom to operate in a given geographical area

Who can be a patent analyst?
Person carrying Bachelor’s degree in Science can be a patent analyst. Engineers will have added advantage. Trends show that Engineers are hired at a better package.

What does a Patent Analyst do?
• Analyst will get variety of patents to work on. One of my friends told me that he gets 10 to 15 patents per day and they have different deadlines.
• They work on Cutting-edge science technology. This gives them opportunity to know about latest technology in advance. Sounds cool.
• Patent Engineers have to work on several projects. One such awesome project is, ‘launching a new product’. Every company should check available prior arts in the territory. Lots of research work is involved here, which is generally assigned to Patent Engineer.
• Patent Engineers assist Patent Drafters for giving them a good idea of invention’s current state.
• They help R&D department to improve products and services. Their analysis report can be of great help to this department.