Patent System for the 21st Century
Committee on Intellectual Property Rights in the Knowledge-Based Economy,National Research Council
Patent System for the 21st Century
Committee on Intellectual Property Rights in the Knowledge-Based Economy,National Research Council
The U.S. patent system is in an accelerating race with human ingenuity and investments in innovation. In many respects the system has responded with admirable flexibility, but the strain of continual technological change and the greater importance ascribed to patents in a knowledge economy are exposing weaknesses including questionable patent quality, rising transaction costs, impediments to the dissemination of information through patents, and international inconsistencies. A panel including a mix of legal expertise, economists, technologists, and university and corporate officials recommends significant changes in the way the patent system operates.
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