The Advantage And Disvantage Of Patent System

The Advantages and Disadvantages of the Patent System - from an Approach of Patent Law after(prenominal) 6 rounds of lawsuits since 2004, in Dec 2010 Protech, a Chinese local anesthetic company in the long run won the unmingled infringement lawsuit against Leviton Manufacturing Company, an American base global blanket 500 company. This is the depression time that a Chinese attempt prevails in U.S. patent edict. But the toll is massive: 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 indicate: is patent system really economically efficient or is it good for the maturement of the whole society. handed-down patent possible action supports that patent law pushs initiation, increases the economic instruction and contributes to the technology improvement. Chinese patent law stipulates in its first term that the legislation of patent law is to prote ct the patent right of the inventor, encourage world, help to widen the application of the purpose and to improve the development of sciences and technologies. The patent-supporters hold that patent system go away stir huge economic benefit, ie. patent system give incentivize more innovation and hence add more novel products or new method to the society.

They argue that innovation itself is a class of public welfare and the society should encourage its realization. provided the materialization of the innovation or other mental holding requires big cadence of manpower and monitory input, and if the inn ovation has been publicized, it whitethorn b! e 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 bed the result at lower or even no cost. This will largely demotivate the innovation of individuals or companies...If you want to get off a full essay, order it on our website: OrderCustomPaper.com

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