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Intellectual Property

Intellectual property (IP) rights help creators limit who uses their work without giving value in return. This protection encourages innovation in thought and expression. Academics featured on this site research topics such as open source licensing, digital rights management, patent reform, IP and technical standards, trademarks, and trade secrets.

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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.

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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