Beyond Monopoly: The Economics of IP

Intellectual property (“IP”) law grants creators and innovators temporary exclusive rights over inventions, creative works, confidential information and commercial identifiers. The economic justification for these rights lies principally in the …

No Common Law Rights in Patents.

Rights in a patent are only for the life of a patent which remains granted and has not been revoked. The manner in which patent rights operate is that they are merely statutory rights and there are no common law rights in patents. Patent infringement actions are maintainable only in respect of granted and live patents.