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 Blog
Stanford economist Heidi Williams investigates how US patent allowances affect firm performance and worker pay. Beyond simply raising average earnings, she finds that patents exacerbate within-firm inequality.
August 2, 2019
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"The best way to resolve this issue is not to change policy approaches." — Mark Lemley, Professor of Law, Stanford University
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Courts differ as to how to calculate damages for patent infringement. The best approach would be for courts to construct an “informed contract” between the parties to the dispute.
June 3, 2019
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