Intellectual Property: The Patents :: Intellectual Property Patent Papers

Intellectual Property The PatentsIntroductionWhile an ethical psychoanalysis in intellectual property may not be as interesting as the ethical analysis in human genetics, much(prenominal)(prenominal) as in human cloning, patents are the most relevant in the area of high applied science, which is the most important industry in the te Valley and arguably, becoming one of the most powerful engines in the harvest-time of the U.S. economy. In fact, intellectual property, a once very(prenominal) sleepy and very boring subject, is one of the hottest topics of conversations today in the high technology industry. undercoatThe growing importance of patents has fueled the tremendous growth of new patents organism issued annually in the past several years and currently accelerating flush faster. Many concerns convey been raised about new patent ideas such as new melodic phrase concern methods and otherwise abstract concepts. Two examples of these telephone circuit organisation me thod patents are the One-Click checkout and payment Internet technology secure by Amazon.com, an Internet commerce company, and the Reverse Auction Internet technology patented by Priceline.com, an Internet based travel agent. Many solicit that business methods are discoveries and not true inventions. We discover what before existed, though to us unknown we invent what did not exist before.1 Patents have become one of the greatest militant assets to ensure the future of the business and as business tools to map trends and convergences, innovates new strategies and capabilities of partners and competitors, and improve all business units in the corporation. Patents have become critical in determining the winners and losers in business competition.Business Issues Patents have also become strategic assets and competitive weapon of enormous value. Patents have become the bargaining chips for companies in negotiations with other companies to gain competitive advantage by gaining acc ess to needed technologies by cross-licensing its patents with partners and competitors.As businesses began to discover, the power of patents can no longer be unattended in business competitions as the importance of new ideas and innovations have overshadowed mart position and tangible assets such as real estate and raw materials to achieve competitive goals. Patents have become critical in the business battlefield the smart bombs of tomorrows business wars2 in profit to the traditional sales increase to expand market share. Patents are the tools that both company needs in the business battlefield to capture and bear its market share, stay ahead of the competition, increase revenues, and to be successful in their respective business segments.