Intellectual Property

Patents

A patent provides protection for an invention to the owner of the patent. The protection is granted for a limited period, generally 20 years. Patent protection means that the invention cannot be commercially made, used, distributed or sold without the patent owner's consent.

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Quotes

Buying Bitcoin Led Patent Mega-Millionaire to an Even Bigger Investing Idea

"If they can screen out bad patents, the application becomes more attractive to potential licensees. The value of his system is how much noise there is. I know there's lots of bad patents out there." — Mark Schankerman, Professor of Economics, London School of Economics


Mark Schankerman
Source: CNBC
January 12, 2018

Patent ‘Trolls’ Recede as Threat to Innovation. Will Justices Change That?

"It probably hasn’t made patent trolls go away, but it’s changed their demands. Now they sue and ask for $50,000 rather than sue and ask for $1 million." — Mark Lemley, Professor of Law, Stanford University


Mark Lemley
Source: The New York Times
November 21, 2017

Instagram’s Snapchat Ripoff Is Brazen and Totally Fine

"The idea of featured ‘Stories’ is not new, so any patents would likely be quite specific to implementation details. And because the implementation/interfaces are slightly different, copyright doesn’t provide any protection. This is an area where IP laws don’t prevent the copying of another’s features or innovations." — R. Polk Wagner, Professor of Law, University of Pennsylvania


R. Polk Wagner
Source: Wired
August 2, 2016

The Best Way to Fight a Patent Demand May Be to Do Nothing

"Research suggests that the harms from patent demands often flow not from the fact of being sued, but from being in a drawn-out, expensive dispute. Stories of small companies winning in the courtroom, but spending so much time and money on a case that they damage their business, are unfortunately commonplace." — Colleen Chien, Professor of Law, Santa Clara University


Colleen Chien
Source: Wall Street Journal
November 23, 2015

Alice Is Killing the Trolls -- But Expect Patent Lawyers to Strike Back

"We may be going back to the world of the 1980s; not only the patentable subject matter world but maybe also in claiming and means plus function claims." — Mark Lemley, Professor of Law, Stanford University


Mark Lemley
Source: InfoWorld
September 18, 2014

The Lesson of the Power Loom

"During the early stage of a major new technology, inventors share designs and knowledge and patent little; later, things become more competitive and patents play a larger role. As technologies mature, firms share less and patent more." — James Bessen, Lecturer, Boston University School of Law


James Bessen
Source: Slate
May 21, 2014

States Revise Laws to Curb 'Patent Trolls'

"The vast majority of these lawsuits are from bottom-feeders that send out letters to all sorts of small companies."  — James Bessen, Lecturer, Boston University School of Law


James Bessen
Source: Wall Street Journal
May 21, 2014

States Revise Laws to Curb 'Patent Trolls'

Forty percent of small firms that received demand letters from patent trolls delayed hiring, changed their product or business strategy or had other "significant" impacts on their operations, according to a 2012 study by Colleen Chien, an assistant professor of law at Santa Clara University who now works in the White House Office of Science and Technology Policy.


Colleen Chien
Source: Wall Street Journal
May 21, 2014

Patent Data Missing in Troll Debate

"Right now it's like the fear of the unknown -- we actually don't know that much about patents despite a large amount of study." — Daniel Spulber, Research Director, Searle Center on Law, Regulation and Economic Growth


Daniel Spulber
Source: EE Times
March 12, 2014

Everything You Think You Know About Thomas Edison Might Be Wrong

“Edison did not ‘invent’ the light bulb in any meaningful sense. What Edison really did well was commercialize the invention.” — Mark Lemley, Professor, Stanford University


Mark Lemley
Source: U.S. Science News
November 10, 2013
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TAP Scholars Work on Intellectual Property Issues

In honor of World IP Day, TAP highlights a few of the articles and scholars that examine intellectual property technology-policy issues.

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Patent Reform

A patent is an exclusive legal right to own and market an invention or improvement for a limited period of time, in exchange for public disclosure of the invention.

Featured Article

A Simple Approach to Setting Reasonable Royalties for Standard-Essential Patents

This article suggests binding arbitration as a way to resolve disputes arising within standard-setting organizations.

By: Mark Lemley, Carl Shapiro