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

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Fact Sheets

Software Patents

A patent provides an exclusive legal right to an invention for a limited period of time, in exchange for public disclosure of that innovation. As with other property rights, patents may be sold, transferred, or licensed for a third party’s use.

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

A Simple Approach to Setting Reasonable Royalties for Standard-Essential Patents

This article suggests binding arbitration as a way to resolve disputes arising within standard-setting organizations.

By: Mark Lemley, Carl Shapiro