Patents are intangible assets, that is they are products of ideas and thinking, and fall under Intellectual Property (IP). Now, IP is subject to the region/country of the applicant and is regulated by the respective government of those countries and regions. For example, in the United States, ML related work are appreciated and the ease of filing patents is considerably less rigorous compared to the European Union, where the emphasis is more on the method or working model which incorporates the related field of work rather than the actual work itself. This again does not hold good all the time with the United States scrutinising software patents. When it comes to India, the patent filing process is again stringent and requires consent from the government authorities even though it promotes filing patents for startups.