Property Rights And Property Rules For Commercializing Inventions

Name: Property Rights And Property Rules For Commercializing Inventions
Cite: 85 Minn. L. Rev. 697
Year: 2001
Bluebook cite: F. Scott Kieff, Property Rights And Property Rules For Commercializing Inventions, 85 Minn. L. Rev. 697 (Feb. 2001)
Author: F. Scott Kieff
URL: 85 MNLR 697
Item Type: article
Summary: ... This Article offers a new view of the patent system that embraces property rights and property rules as essential elements for achieving core goals of the patent system, and forges a surprising link among disparate features of the system previously considered to be unrelated or even mutually antithetical. FN14 According to this view, the treatment of patents as property rights is necessary to facilitate investment in the complex, costly, and risky commercialization activities required to turn nascent inventions into new goods and services. FN15 Furthermore, property treatment is equally necessary to help society decide which inventive activities are worth protecting in the first instance. FN16 ...