Intellectual Property

Patents

A patent provides protection for an invention to the owner of the patent. The protection is granted for a limited period, generally 20 years. Patent protection means that the invention cannot be commercially made, used, distributed or sold without the patent owner's consent.

TAP Blog

Daniel Spulber Provides Insights into the Value of Patents

Two papers by Professor Daniel Spulber look at the interplay of the economic benefit of patents and the public policies that impact the development of innovation.

TAP Staff Blogger

Fact Sheets

Patent Reform

A patent is an exclusive legal right to own and market an invention or improvement for a limited period of time, in exchange for public disclosure of the invention.

Quote

The Best Way to Fight a Patent Demand May Be to Do Nothing

"Research suggests that the harms from patent demands often flow not from the fact of being sued, but from being in a drawn-out, expensive dispute. Stories of small companies winning in the courtroom, but spending so much time and money on a case that they damage their business, are unfortunately commonplace." — Colleen Chien, Professor of Law, Santa Clara University

Colleen Chien
Wall Street Journal
November 23, 2015

Featured Article

Trading and Enforcing Patent Rights

We study how the market for innovation affects enforcement of patent rights.

By: Alberto Galasso, Carlos J. Serrano, Mark Schankerman