professional body creates a type of monopoly‚ but ensures that standards are maintained. Patents‚ copyright‚ and intellectual property give a monopolist exclusive control of the production and selling of certain goods. A patent is a government licence that gives the holder exclusive rights to a process‚ design or new invention for a designated period of time (usually 20 years). For example‚ new drugs are granted patents that provide the firms monopoly power for a period of time. Copyrights also create
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Question 1: What‚ if any‚ is the likely impact of the Bilski case on future Business Method Patents? The Supreme Court unanimously agreed that Bilski’s method patent for hedging risk in commodities trading did not meet the legal requirements. They also agreed that the Federal Circuit’s "machine-or-transformation" test is not the sole test for what constitutes a process. However‚ the remainder of the decision is divided between the conservative majority and the liberal minority as to whether
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certain industries and relative patent numbers gave a solid grounding to establish there was indeed a high correlation between the two. The level of activity in terms of invention is represented by the amount of Patents surrounding it. His argument that invention comes about through supply and demand‚ just like any other economic activity is credible and I will explain and alalyse this opinion now. Basically what Shmookler meant by the high correlation between patent numbers and level of activity
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Course Number and Title: PY360 Ethics in Technology Assignment Number and Title: Assignment 03 Date of Submission: 20 February‚ 2014 (1) Define copyright‚ trade secrecy‚ and patents as they relate to software. Copyrights Copyright is a form of protection in United States and is granted by law for original works of authorship fixed in a tangible medium of expression. Copyright covers unpublished and published works. Copyright‚ a form of intellectual property law protects original
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incorporated. Jarg was created by Michael Belanger and Dr. Kenneth Baclawski. Baclawski‚ an assistant professor of computer sciences at Northeastern University‚ began work on the patented technology in 1994. He later patented the technology under U.S. Patent Number 5‚694‚593. Belanger claims the company has been aware of the copyright infringement for some time now. Jarg had put off filing the law suit because they had no legal representation and had not been able to find the resources to fund one
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Case: the LEGO Group: Publish or Protect? Publish‚ Patent or Trade secret? Introduction: The LEGO Group are maintaining their competitive advantage through two main direction which are having more intelligence modular design and product introduction‚ such as new product line and having manufacturing process innovation that can reduce cost‚ shorten manufacturing cycle and improve the product quality. For manufacturing innovation LEGO are introducing new technology into their process. The project
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Gene Patenting As of 2010‚ there are 40‚000 patents within the U.S. that relate to the 2‚000 human genes (Wikipedia‚ 2011). A gene patent is when a person owns the rights to a gene and no other person can do research involving said gene. There is some controversy over whether these patents advance technology by providing scientists with a reason to produce‚ or if they restrict the research because of the genes patented (Debatepedia‚ 2011). Patents curb the discovery of cures and the creation of
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summarizing TEXT 1 Global Implications of Patent Law Variation Koji Suzuki‚ 1991 A patent is an exclusive right to use an invention for a certain period of time‚ which is given to an inventor as compensation for disclosure of an invention. Although it would be beneficial for the world economy to have uniform patent laws‚ each country has its own laws designed to protect domestic inventions and safeguard technology. Despite widespread variation‚ patent laws generally fall under one of two principles:
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events involving the “patents war” and the blame-game being played out by the three behemoths‚ namely Google‚ Microsoft and Apple have brought a new issue to the forefront: are patents instruments to encourage innovation or to kill competition? Google claims that the recent acquisition of the wireless giant Nortel’s patent portfolio by an Apple-Microsoft consortium was “bogus” as a $1million deal was finally made at $4.5 million. Google was invited to bid on Nortel’s patent portfolio in early July
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selected information for Palmiero Company. 1.Palmiero purchased a patent from Vania Co. for $1‚500‚000 on January 1‚ 2010. The patent is being amortized over its remaining legal life of 10 years‚ expiring on January 1‚ 2020. During 2012‚ Palmiero determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent‚ net of accumulated amortization‚ at December 31‚ 2012? Solution:
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