Term Limits for Patents and Copyrights: An Explanation and Justification
Jun 28, 2014
Patents and copyrights are property rights. Thus, they share similar characteristics to other property rights—securing rights to acquire, use and dispose of the material values—but they also have unique characteristics. One of these is that patents and copyrights are time-limited. This talk explains why these time limits are valid given the unique nature of the material values secured as property rights to inventors and creators.