Patent Protection - Who should it serve?

Posted by dave on Feb 4, 2004 4:28 AM EDT
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I believe that patent laws need to be looked at more closely, and not just for drugs. There is sometimes need to provide incentives to some innovators, through the rewards of a temporary statutory monopoly, to offset risky and costly research. There is sometimes a need to encourage innovators to disclose their inventions so they become available at the end of the term of the monopoly. Sometimes this monopoly is not only not needed to stimulate innovation or disclosure, but can also get in the way of innovation.

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