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Brigham Young University Prelaw Review

Authors

Carey Nuttall

Keywords

patent law, patent protection, monopoly

Abstract

When firms develop products, they desire to protect their investment and seek to prevent other firms from producing the same products. Patents are the most common form of protection sought by these firms. Once the patent has been obtained, they can exclusively control the production and distribution of the products, or they can license other businesses to perform these tasks. Patents give companies a monopoly on the product that is protected. Companies gain from these monopolies; so, naturally, they want to maintain as much control as possible over the production and distribution of their patented goods.

Included in

Law Commons

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