A page dedicated to assessing the myths which surround the alleged economic harm caused by patents.
A patent is a grant of the exclusive right for a novel, non-obvious invention. The value of patents to society lies in the incentives they provide to research and develop useful inventions.
Today many are prepared to argue that patents retard research and development and so hold back economic progress. Many myths circulate about the alleged social and economic harm done by patents. Policy and opinion makers have no quick means to check these myths against the relevent patent facts. The result is that they may doubt that patents provide economic development incentives. This is not in the public interest.
Patent Myths and Patent Facts
In the posts below, we seek to find the facts behind some of the most prevalent patent myths.