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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TAP Blog

Daniel Spulber Provides Insights into the Value of Patents

Two papers by Professor Daniel Spulber look at the interplay of the economic benefit of patents and the public policies that impact the development of innovation.

TAP Staff Blogger

Upcoming Events

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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

Fact Sheets

Software Patents

A patent provides an exclusive legal right to an invention for a limited period of time, in exchange for public disclosure of that innovation. As with other property rights, patents may be sold, transferred, or licensed for a third party’s use.