On the one hand, patent law developed enough to adequately protect the interests of inventors and manufacturers of new products and other interested parties (access information about the nature of patentable subject matter).
On the other hand, the same positive features grow into quite different phenomena affecting the market. The rapid growth in the number of patent applications in many countries in recent years is leading to a slowdown and a decline in the quality of patent offices, duplication of their efforts in considering applications identical in different countries. It also complicates the access for inventors and other persons to reliable the information about the contents and scope of protection of existing patents, but it reduces the level of scientific knowledge available to society by choosing the inventors do not patent their forms of protection. The state of affairs seriously increases transaction costs and the costs for obtaining all the necessary licenses in the issuance of technologically sophisticated devices. The current legislation deprives the profits of manufacturers for a long time waiting for the issuance of a patent and multiplies the number of legal disputes between multiple patent holders in certain areas. Continue reading “Patenting Burdens And Legal Obstacles For Innovation” »