The Advantage And Disvantage Of Patent System

The Advantages and Disadvantages of the Patent System - from an Approach of Patent Law aft(prenominal) 6 rounds of lawsuits since 2004, in Dec 2010 Protech, a Chinese local company in the long run won the tangible infringement lawsuit against Leviton Manufacturing Company, an American base global croak 500 company. This is the depression time that a Chinese opening move prevails in U.S. patent ordinance. But the toll is gigantic: 6 years time and over 30 million US dollars 1. The lawsuit has caused a hot controversy in china on how and if patent should be protected. It is a long-time existing deal: is patent system really economically efficient or is it good for the maturement of the whole society. handed-down patent supposition supports that patent law throw outs initiation, increases the economic emergence and contributes to the technology improvement. Chinese patent law stipulates in its first term that the legislation of patent law is to protect the pat ent right of the inventor, encourage world, help to widen the application of the existence and to improve the development of sciences and technologies. The patent-supporters hold that patent system go away stimulate huge economic benefit, ie. patent system give incentivize much innovation and hence add more novel products or new method to the society.

They argue that innovation itself is a mannequin of public welfare and the society should encourage its realization. provided the materialization of the innovation or other noetic holding requires big essence of manpower and monitory input, and if the in novation has been publicized, it whitethorn ! be copied or imitated easily. If there isnt any protection over the intellectual property, other competitors can copy the innovation at a much lower cost. This caused the so-called free-riding problem, which kernel the inventor bears huge research and development cost fleck other competitors ravish the result at lower or even no cost. This will largely demotivate the innovation of individuals or companies...If you want to produce a full essay, order it on our website: OrderCustomPaper.com

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