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Jan 22, 2020
10:11:11am
Doctor Rosenrosen All-American
A patent does not necessarily grant monopoly power in the economic sense
it simply provides a right to exclude others from practicing within the scope of the claims until expiration. And that's assuming the patent is valid and enforceable.

That being said, there are some instances where a patent more or less help provide a de facto monopoly during its term, a patented and FDA approved pharmaceutical with few competitive alternatives being a prime example.

A primary motivation for a patent system is to encourage public disclosure of technology (as oppsed to keeping such technology a trade secret) in order "to promote the progress of science and useful arts."

That being said, many business leaders tend to view patents as a cumbersome drag on commercial activity when you consider the cost of drafting, prosecuting, and maintaining patents, the cost of risks assesments with respect to competitors' (or non-practicing entities') patents, and the potential cost of patent litigation.

For example, I'm currently working as an in-house patent attorney. Most business leaders in my company would view me as an "overhead cost." In contrast, when I worked in a law firm, I was a "revenue generator."
This message has been modified
Originally posted on Jan 22, 2020 at 10:11:11am
Message modified by Doctor Rosenrosen on Jan 22, 2020 at 10:14:33am
Message modified by Doctor Rosenrosen on Jan 22, 2020 at 10:20:27am
Doctor Rosenrosen
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Doctor Rosenrosen
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1/22/20 9:54am

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