Lebpp9 patents

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Unformatted text preview: Chapter 9 Chapter Intellectual Property Patents The exclusive right to make, use, or sell an invention for a period of years (temporary monopoly) Patents promote innovation & creativity: 1. inventor enjoys temporary monopoly 2. others can improve upon invention 3. invention eventually flows into public domain Patents Patents Methods of Doing Business Can be patented in limited circumstances limited State Street Bank & Trust v. Signature Financial Group Practical application of mathematical principles may be Practical patented if there is useful, concrete result useful, * Bilski v. Kappos (S.Ct. 2010) Bilski “Machine-or-transformation” test is not the sole test Machine-or-transformation” not for deciding whether an invention is a patent-eligible “process” Patents Patents American Inventors Protection Act of 1999 Earlier inventor defense = D has: 1. “reduced the invention to practice” 1. reduced practice (actual production of invention) at least one year before effective fil...
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