02-United States Patent Philosophy

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02-United States Patent Philosophy

  1. 1. United States Patent Philosophy Kristine H. Johnson MacMillan, Sobanski & Todd, LLC [email_address]
  2. 2. <ul><li>Limited monopoly </li></ul><ul><li>Granted by the Government </li></ul><ul><li>Right to exclude others </li></ul><ul><li>From making, using or selling </li></ul>Patents
  3. 3. <ul><li>Is property right </li></ul><ul><li>Is not a right to practice </li></ul><ul><li>May be worthless </li></ul>A Patent
  4. 4. <ul><li>Profit incentive for research and development investment </li></ul><ul><li>Profit incentive for production costs </li></ul><ul><li>Full disclosure to public as building block for further innovation </li></ul>A Patent Provides
  5. 5. <ul><li>Is expensive to obtain, thereby inherently classist </li></ul><ul><li>Fuels litigation, which is a drain on production resources </li></ul><ul><li>Restricts free trade, both literally and via chilling effect of litigation fears </li></ul><ul><li>Impairs productivity when held by non-practicing entities (trolls) </li></ul><ul><li>Restricts access to technology, including diagnostics and medicines </li></ul>A Patent is a Monopoly, which
  6. 6. <ul><li>Department of Commerce </li></ul><ul><li>(Patent Laws) </li></ul><ul><li>versus </li></ul><ul><li>Department of Justice </li></ul><ul><li>(Sherman Antitrust Laws ) </li></ul>Of Trusts and Anti-Trusts
  7. 7. <ul><li>Patents are popular when the economic atmosphere is optimistic (steam engine, genetic engineering, dot coms) </li></ul><ul><li>Antitrust is popular when the economic atmosphere is pessimistic and people are suffering (great depression, now, eg. pharmaceutical prices) </li></ul>Monopoly Law is Fashion and Fad
  8. 8. The balance is always shifting <ul><li>Patents Antitrust </li></ul>
  9. 9. Questions? Please Ask! Thank you to Ms. Jenna Cogswell at MST who helped prepare these slides! Contact us at [email_address] or 419.255.5900 for permission to use these slides, or to ask questions. We are happy to let others use these slides, but we would like to know who they helped.

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