Econ 483_Lecture 3_Patents_Market structure

The invention must be enabling reduced to practice

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Unformatted text preview: tion rein in the patenting of gene sequences ! The invention must be ‘ enabling’& "reduced to practice". Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Basic requirements Novelty: an invention must not have been previously used or described in a single publication. Non-obviousness (required inventive step): an invention must di¤er from the "prior art" in ways that would not have been obvious to somebody who had ordinary skill in the technology. Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Patent characteristics Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics IP law The policy levers all branches of IP law share are the following: length breadth the required inventive step exemptions Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Patent characteristics Duration: The max duration of a patent is 20 years from the date of …ling. The invention is truncated by a failure to pay the maintenance fees. The invention expires as soon as the patent-holder sells the rights; the …rst-sale rule. Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Patent characteristics Breadth: Infringement...
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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