How the Patent Law Advances Society
Patent law advances society since it prevents duplication of other people’s ideas thus stimulating innovation and invention. This leads to the creation of more advanced solutions to the problems faced in society. Furthermore, the availability of patent law protects the ideas and inventions of smaller businesses from being stolen and implemented by large and already established enterprises. This is important since it encourages economic growth and creates job opportunities in society.
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Effectiveness of the Patent Law
The law has gained a lot of prominence during the latter years since many people have been applying for patents lately. For instance, in the United States alone, there are more than ten thousand pending patents that are still awaiting approval. This significant figure shows that many individuals in society have discovered the importance of patents as a means to secure their original ideas.
The law is effective since it enables us to enjoy the different, unique brands, such as Coca-Cola, Apple’s iPhone, and the Beats by Dr. Dre headphones. Thus, this law has brought sanity to the business and intellect world which is always full of counterfeits and plagiarism respectively.
Improving the Patent Law
The law can be improved by limiting the amount of government red tape involved in acquiring a patent. This will ensure that low-income earners are able to acquire patents for their ideas and innovations without being bought out by the big companies that have surplus finances at their disposal. Another improvement that can be suggested is the availing of all patents on a digital platform, thus making it easier to access and compare ideas. The availability of such information will reduce the number of cases that are fought in the corridors of justice involving violated patents.