Manufacturing and Software Patents Term Paper by Master Researcher

Manufacturing and Software Patents
A brief examination of patents and their role in the information technology industry.
# 38824 | 1,150 words | 6 sources | MLA | 2002 | US
Published on Oct 16, 2003 in Business (Law) , Law (General)


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Description:

This paper examines patents and considers their purpose and their influence on manufacturing. The paper discusses how patent rights must be balanced with social utility since the maximum level of patent protection is not necessarily the optimal level of intellectual property rights in all situations. The paper uses the current debate over HIV/AIDS pharmaceuticals to demonstrate this issue. The paper then discusses an alternative to the patent regimen in the information technology industry known as the 'open source' alternative.

From the Paper:

"The idea that an invention is private property like land or a home has a sound basis in capitalist systems. It involves the investment of time, energy and capital (laboratories, researchers, etc.). Therefore, individual researchers and laboratories regard their inventions as their property and presume that they will have the exclusive right to earn the profit from the application of their invention.
"This is the purpose of a patent. The idea is that the possibility of future profit will act as an incentive to encourage research. Why would an individual or a laboratory invest time, money and resources in research and development if there were no potential for return?
"While this is true it ignores questions of social benefits from research. What if a piece of invention is of exceptional value to the poorest segment of society only? While this group alone has no resources to purchase the invention its application to this group would have profound social benefits. It would reduce inequity by improving the living standards of these poorest of the poor. It might have indirect benefits for all of society such as reduced crime also. In other words, patent rights must be balanced with social utility and other issues and 'the maximum level of patent protection is not necessarily the optimal level of intellectual property rights in all situations."

Cite this Term Paper:

APA Format

Manufacturing and Software Patents (2003, October 16) Retrieved November 21, 2019, from https://www.academon.com/term-paper/manufacturing-and-software-patents-38824/

MLA Format

"Manufacturing and Software Patents" 16 October 2003. Web. 21 November. 2019. <https://www.academon.com/term-paper/manufacturing-and-software-patents-38824/>

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