Protecting knowledge-based competitive advantages through patents
Based on a review of the patent history (section 1.1), I present substantial (section 1.2) and procedural (section 1.3) requirements for patent protection according to the patent laws in Germany, Europe, and the United States and international patent treaties (section 1.4). After a short introduction to the main patent classification systems (section 1.5), I conclude this chapter with a discussion of the cost and benefits of patent litigation (section 1.6). The primary aim of this chapter is to introduce the basic ideas of patent protection. Understanding these basic legal features is essential for conducting a reasonable valuation since they first of all prepare the ground for any exclusive exploitation of a profitable invention. Given the management focus of this thesis, I concentrate on those peculiarities of patents and patent systems that are of major importance for patent valuation.
KeywordsPatent Application Patent Protection European Patent Office Patent System Patent Office
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