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.
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.
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.
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TAP Academics
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TAP Blog
The Case for Patents, a new book by Northwestern University business and law professor Daniel Spulber, emphasizes the importance of incentives for invention, innovation, and technology adoption.
March 12, 2021
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Upcoming Events
Quantum Leap: Developments in China IP Law in 2020
May 6, 2021,
22nd Annual Berkeley-Stanford Advanced Patent Law Institute
December 9, 2021,
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Quote
"The best way to resolve this issue is not to change policy approaches." — Mark Lemley, Professor of Law, Stanford University
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Featured Article
Technological change is increasing the importance of intangible assets. A new legal concept, the “Intellectual Contract” (IC), would better support innovation, as current Intellectual property (IP) rules are limited.
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