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Senator Bernie Sanders of Vermont put forward legislation in the United States Senate in 2005 and 2007 under H.R. 417 and S.2210. [4] Sanders has been a longtime proponent of Stiglitz’ ideas, and favors a system of incentives for innovation in medicine and pharmaceuticals over a system of patents, which he asserts grant company monopolies on drugs and drive up pharmaceutical prices.
Contemporary arguments have focused on ways that patents can slow innovation by: blocking researchers' and companies' access to basic, enabling technology, and particularly following the explosion of patent filings in the 1990s, through the creation of "patent thickets"; wasting productive time and resources fending off enforcement of low-quality patents that should not have existed ...
Each year through the past decade, at least half a million patent applications come into the U.S. Patent and Trademark Office. Some of the applications are from firms equipped with financial ...
A patent doesn’t automatically guarantee you protection from predatory competitors. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
Design-arounds can be a defense against patent trolls. The amount of license fee that a patent troll can demand is limited by the alternative of the cost of designing around the troll's patent(s). [4] In order to defend against design-arounds, inventors often develop a large portfolio of interlocking patents, sometimes called a patent thicket ...
The purpose of the inventive step, or non-obviousness, requirement is to avoid granting patents for inventions which only follow from "normal product design and development", to achieve a proper balance between the incentive provided by the patent system, namely encouraging innovation, and its social cost, namely conferring temporary monopolies. [4]
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