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An economic overview of patents

Article Abstract:

Economic principles are central to the existence of patent laws since the laws are designed to provide inventors with economic incentives, and patent practitioners should be aware of the economics of patents. A patent is a limited monopoly right granted to the inventor that allows the inventor and manufacturer to charge prices above the market price that would exist if perfect substitute goods were available. Practitioners should be aware that damages assessments often fail to capture the full economic benefit of patent rights.

Author: Schaafsma, Paul E.
Publisher: Patent and Trademark Office Society
Publication Name: Journal of the Patent and Trademark Office Society
Subject: Law
ISSN: 0882-9098
Year: 1997
Other Justice, Public Order, and Safety Activities, Patent Law, History, Law and economics, Law and economics (Jurisprudence)

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Patent mapping: a graphical model of patent rights

Article Abstract:

The use of patent mapping to assess present and future technologies can assist decision-makers regarding licensing agreements, research and development and engineering around patents. Patent mapping is the graphical representation of patent rights relative to other technologies. The models are developed through the joint efforts of patent attorneys, engineers, marketers and financial professionals to represent barriers and opportunities in developing new technologies.

Author: Schaafsma, Paul E.
Publisher: Patent and Trademark Office Society
Publication Name: Journal of the Patent and Trademark Office Society
Subject: Law
ISSN: 0882-9098
Year: 1995
Decision-making, Models, Decision making, Technological forecasting, Patents

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An economic review and suggessted approach for licensing patent applications

Article Abstract:

Patent production milestones tied into different royalty amounts depending on the scope of the issued patent must be used to structure the licenses of pending patent applications. This would manage the risk of licensing pending applications and decrease the potential for licensor-licensee conflict because the financial payment would be more closely tied to the patent's true economic value.

Author: Schaafsma, Paul E.
Publisher: Patent and Trademark Office Society
Publication Name: Journal of the Patent and Trademark Office Society
Subject: Law
ISSN: 0882-9098
Year: 1999
United States, Management, Patent licenses, Patent licensing

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Subjects list: United States, Economic aspects
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