Module 17 2024

What is a Patent?

• Example:

– A’s claimed invention: a chair

http://www.colourbox.com/preview/3100328-275994-chair-isolated-on-white-background.jpg

– B’s claimed invention:

a chair with arms

• B needs license from A to practice B’s own invention

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What is a Patent?

•

Social policy –

In return for a full and enabling disclosure of inventions to the public,

– State provides inventors with a limited monopoly to exploit their inventions

–

As a result, (1) useful knowledge in the public domain increases (2) inventors are given an incentive to innovate and disclose

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