Intellectual Property: The Patents :: Intellectual Property Patent Papers

Intellectual Property The PatentsIntroduction firearm an ethical analysis in intellectual property may non be as interesting as the ethical analysis in human genetics, such as in human cloning, patents are the virtually relevant in the area of high up technology, which is the most important persistence in the Silicon Valley and arguably, becoming one of the most si latey engines in the harvest 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.BackgroundThe growing importance of patents has fueled the tremendous growth of sensitive patents being issued annually in the past several old age and currently accelerating even faster. Many concerns have been raised about new patent ideas such as new phone line methods and other filch concepts. Two examples of these business method patents are the One-Click checkout and payment meshing t echnology patented by Amazon.com, an Internet commerce company, and the Reverse auction sale Internet technology patented by Priceline.com, an Internet based stumble agent. Many argue that business methods are happen uponies and not true inventions. We discover what before outliveed, though to us unknown we invent what did not exist before.1 Patents have sound one of the greatest competitive assets to cover the future of the business and as business tools to map trends and convergences, innovates new strategies and capabilities of partners and competitors, and rectify all business units in the corporation. Patents have become circumstantial 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 dicker chips for companies in negotiations with other companies to gain competitive advantage by gaining doorway to needed technologies by cross-lice nsing its patents with partners and competitors.As businesses began to discover, the power of patents can no weeklong be ignored in business competitions as the importance of new ideas and innovations have overshadowed grocery position and tangible assets such as real estate and raw materials to achieve competitive goals. Patents have become critical in the business field of battle the smart bombs of tomorrows business wars2 in addition to the traditional sales increase to expand market share. Patents are the tools that every company needs in the business battlefield to capture and defend its market share, stay ahead of the competition, increase revenues, and to be successful in their respective business segments.