patents - From the Constitution "Congress shall have...

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From the Constitution “Congress shall have the power … to promote the progress of science and the useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries”
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Underlying Operating Principle – Mutual Benefit Inventor provides full disclosure of the details to the public In return the government grants certain exclusive rights to the inventor for a specified period of time
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“Patent system added the fuel of interest to the fire of genius” - Abraham Lincoln
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Patents Are issued by the United States Patent and Trademark Office Run for a period of up to 20 years from the application date (not the approval date) Grant the right to exclude others from making, using, or selling the invention
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What can be patented? “New and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof” Can’t be something obvious Natural laws, physical phenomena, and abstract ideas are not patentable
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patents - From the Constitution "Congress shall have...

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