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.

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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

Buying Bitcoin Led Patent Mega-Millionaire to an Even Bigger Investing Idea

"If they can screen out bad patents, the application becomes more attractive to potential licensees. The value of his system is how much noise there is. I know there's lots of bad patents out there." — Mark Schankerman, Professor of Economics, London School of Economics

Mark Schankerman
CNBC
January 12, 2018

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