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I know there is a patent on a product I want to sell. Mine is better as I have additional features. Can I go ahead and sell my product and under a similar name?

If they have a patent, then this could be problematic to you. Adding extra features does not avoid patent infringement. A competing design needs to change one or more core elements that are claimed in all of the main (independent) claims of the patent so...

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Is there something like the Madrid system for trademarks but for patents that gives you international protection for it by registering in one place?

The short answer is there is no equivalent for patents for the Madrid system for trade marks. The closest thing is the PCT (Patent Cooperation Treaty) that covers most of the world: It buys the applicant more time (30 months from the earliest application) to settle...

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