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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TAP Blog

Northwestern Professor Daniel Spulber Makes a Case for Patents

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.

TAP Staff Blogger

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.

Featured Article

Finding Reasonable Royalty Damages: A Contract Approach to Patent Infringement 

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.

By: Daniel Spulber