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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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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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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creativity has led to today’s sophisticated products and processes of the corporate world and daily life. Nowadays‚ in the United States and other countries in the world‚ a large number of patent applications are handed in. Due to the incremental complexity and variety of technology that grows steadily‚ the amount of patents handed in today is a multiple of the amount at the time when the first patenting guidelines were introduced. Not only the technological progress plays a role in the growth of innovation
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get that patent. Until that can happen‚ anyone can make a similar drug and get it approved to sell on the market. Making sure the company acts in a proper way is important. When companies merge it may not always be in the best interest of the consumers‚ there is usually a lot of money involved in this deal and many times it’s the customer that will pay in the end. Example 1 1. A drug maker would want to hinder the generic competition of its drug by being able to keep the patent on a drug
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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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mainly focus on advanced chip packaging for microelectronic devices and image capturing devices. The company practiced what intellectual property attorneys referred to as “ carrot licensing”. Carrot licensing is a model where a company invents and patents a new idea. Then the company is licensing the idea to other companies with the trade secrets and know-how‚ and helps them to implement the innovation to the production. The opposite model to carrot licencing is the “stick licensing”‚ in which a
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speech code included in Microsoft’s Windows operating system. When Microsoft sent master versions of the software overseas‚ trite them‚ and sold the trite software‚ AT&T sued for copyright infringement. A company is guilty of infringement under the Patent Act if it "supplies...from the United States...apparatus of a patented invention in such manner as to vigorously encourage the combination of such components." Microsoft argued that it was not legally responsible because software code is indefinable
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........................................... 3 3. DEFINITION OF PATENT ................................................................................................ 3 4. PIRACY................................................................................................................................. 4 5. INTRODUCTION PATENT AND PIRACY IN GERMANY .......................................... 5 5. 5.1 5.2 5.3 ENFORCEMENT OF PATENT AND PIRACY INFRINGEMENT IN GERMANY ...........................
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dealing with our entry strategy into China. We can define Intellectual property rights as the property that is the product of intellectual activity‚ hence‚ we can classify them into three distinctions; patents‚ copyright and also trademarks (Cronk‚ Hill and Wickramasekera 2011‚ pp 258-262) . •Patents are a legal device that grants the inventor of a new product or process exclusive rights for a defined period to the manufacture‚ use or sale of the invention. (Our products designs/prototypes‚ manuals
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