Discuss the basic features of Patent Cooperation Treaty, 1970.

The Patent Cooperation Treaty (PCT), which was established in 1970 under the auspices of the World Intellectual Property Organization (WIPO), provides a centralized and streamlined international system for patent protection. Its primary goal is to facilitate the process of obtaining patent protection across multiple jurisdictions while reducing the cost and complexity associated with filing patents in several countries. The PCT system does not grant international patents but provides a framework for applicants to seek protection for their inventions in the member states. As of today, the PCT has over 150 contracting states, making it a crucial tool in the global patent system.

One of the fundamental features of the PCT is its structure, which consists of two main phases: the international phase and the national phase. The international phase includes filing an application with a receiving office (typically the national patent office or WIPO), followed by an international search and publication. This phase allows the applicant to file a single patent application that covers multiple countries. It is important to note ________ __________ _____ ______ ________ _______ _________ ____ _____ _____ _______.
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