Patent

The efficacy provision in the Patents Act of 2005 for India was necessary because it prevented other medications that were a new form of an existing drug from being patented. Any company trying to introduce a new medication was required to show proof that the medication had more effectiveness than an existing drug. In regards to the patent provisions in India, the provisions were put in place for many different reasons. In 1970, India Parliament adopted a new Patent Law that prohibited foods…

The Status Quo: Patents Encourage Innovation The two ideas that raise the most to support the positive role of patents to encourage innovation are: a) The utilitarian-based argument; and b) The Knowledge spillover argument. a) Utilitarian-Based Argument The solidest theoretical explanation about patents is the utilitarian incentive-based argument. In which patents reward the inventive skills of the innovator to continue working beyond in such field (Rai & Jagannathan, 2012). Patents encourage…

How has US Patent Law influenced Innovation? Technology has sculpted and carved the legacy of the United States. Early agricultural gadgets, stemmed American Agriculture. Cities and capitals of commerce were forged by the advancement of industrial factories. Computerization and expansion of invention has, “given rise to a nation of services” (Thompson). Fears of a future “World Without Work” have spurned from an exponential development of these technologies, but concerns have arisen that a…

When patents on genes were first granted it stirred up quite a controversy, since then there have been quite a bit of papers that support and oppose gene patenting. In their respective articles, Michael Crichton and John E. Calfee both discuss the controversial topic of gene patents; however Crichton is against gene patents and Calfee is for gene patents as an economist and brings up the pros of gene patents in his article. In their articles both of them talk about obtaining a patent from the…

called inventing a solution. Before any invention is introduced, a relevant government specialist to ensure that it is safe for the public must first analyze it. After the vetting process, the government provides the inventor with a license or rather a patent conferring an exclusive…

Whether or not this is true; at the very least it was a precursor to ENIAC, the computer that most people who are not on the side of the ABC, consider the first digital electronic computer. This discrepancy on the title of first modern computer lead to patent arguments, law suits and an innumerable number of message board and scholarly debates on who holds this title. Did these factors lead to the untimely demise of the original ABC? Let’s first investigate what claims the ABC had to being…

Intellectual Property Law is a very panoramic assemblage of law; its regards Patents, Trade Marks, and Copyrights. Intellectual Property establishes a very critical role in the improvement of consumer enterprise and acts a driving force for innovation. IP 's are adverted as “ownership of the mind 's products”(Cooter, Ulen, 124); Intellectual property is secured by the law through patents, copyrights and trademarks; this protective screening allows individuals(inventors) the prospect of…

expire each year. The dramatic increase in price is due to the monopoly that EpiPen has over the industry of epinephrine. After a company creates a unique drug, it is issued a patent that prevents any other sellers from entering the industry, giving the single company the power to charge whatever price that they see fit. Patents give pharmaceutical companies monopolies…

to get it in the public domain it is regarded as invention disclosure. When one person discloses his innovation he would require getting it patented in order to protect his innovation from misappropriation by others (third party). Section 9 of the patent act, 1970 provides that whenever there is a need of invention disclosure an application in this regard has to be made in Form-1 along with Form-2 which would include complete specifications of…

the labor laws in these countries are so poor, Nike only has to pay a fraction of the cost of production if it was done in the United States. The impact of the Punta d Este GATT meeting on today’s intellectual property rights is that instead of the patent insuring the final product of the invention, it insured the entire process including the end result. This made sure that countries could not innovate and use the previous ideas of major corporations to benefit their local…