PUBPOL 373 Lecture Notes - Lecture 23: Uniform Trade Secrets Act, Plant Patent Act Of 1930, Patent Infringement

• School: Duke University
• Department: Public Policy Studies
• Course: PUBPOL 373
• Professor: Frey

Document Summary

The patent act of 1952 grants patent protection for 17 years from the date of issuance. As of january 1, 1995, patent protection extends for 20 years from the date of filing, to conform with international trade agreements. A patent grants the patent holder the exclusive right to prevent others from making, using, or selling any patented invention within the united states and importing a patented invention. Supplying components of patented products, processes or methods may constitute infringement. A patent is the grant of a statutory monopoly meant to encourage invention by rewarding the inventor with the right, limited to a term of years fixed by the patent, to exclude others from the use of his invention. Predicated on the idea that an intellectual property regime that rewards inventors for their work is likely to maximize the promotion of innovation.