Exact(12)
But advocates of shorter patent terms may be moving against a more general political tide.
Mr. Bezos said he would apply his proposal for shorter patent terms to those already granted, including Amazon's own.
And developing countries, being poorer, obviously have more to gain from shorter patent terms for foreign innovations, since that facilitates the spread of new technology and the diffusion of ideas.
In litigation, it would limit where patent suits could be filed so that cases are not concentrated in court districts deemed favorable to plaintiffs, create a new way to calculate damages to reflect the contribution of the invention to the overall product and allow immediate appeals of court rulings on the interpretation of patent terms while cases are proceeding.
Their opponents have argued that patent terms are, anyway, over generous for an industry with high profit-margins especially as drug firms have received tax breaks for much of their research and that improfit-margins especially of their drugs were discovered by publicly funded scientists.
In addition, the USA is also implementing provisions in RTAs that automatically extend patent terms if an extension is granted in a third country (El Said 2010).
Similar(48)
The latest amendments to the Patents Act 1970 are then described, including the harmonisation of the patent term, redefinition of patentable subject matter, matters concerning deposits of biological materials, oppositions, revocations, the working of patents, compulsory licences, and the reversal of the burden of proof in infringement of process patents.
The currently abortive Canadian treaty is a glutinous mess of beef hormones, investor protection, Romanian visas, patent term regulations and cheese definitions.
He added, "By eliminating confusion regarding the deadline for patent term extension applications, this amendment provides the certainty necessary to encourage costly investments in life-saving medical research".
In 1994, Congress revised the patent term to 20 years from the time of application, rather than 17 years from the time a patent is granted, bringing the United States in line with many nations.
Mr. Bezos now contends that the current patent term, generally intended to help an inventor recover the cost of an invention and capitalize on it, is simply too long because technology entrepreneurs can recover an investment more quickly.
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