The Impetus towards Technical Efficiency: Patents and Innovation

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Contents
Ques. Patents are looked upon to provide two kinds of the impetus towards the technical
efficiency, and hence the growing wealth, of the community as a whole.......................................2
Invention..........................................................................................................................................2
Intellectual Property Law................................................................................................................3
Eli Lilly v Human Genome Sciences [2012] EWCA Civ1185....................................................4
Patent...............................................................................................................................................4
The United Kingdom or the European Union..................................................................................6
The Impetus towards the technical efficiency.................................................................................7
The Monopoly rights afforded to patent rights owners................................................................8
Restrictions on the exclusive rights and Damages in case of infringement of patent rights........9
Enforcement of the rights of patent..............................................................................................9
Promoting innovation.................................................................................................................10
Rights provided by the patent....................................................................................................10
The Benefit of the patent right to the community as a whole....................................................10
A Patent is the source of the Monopolies..................................................................................11
Invention and economic growth.................................................................................................11
Relationship between the strength of patent rights and the wealth of nations...............................12
Unwired Planet v. Huawei [2017] EWHC 2988; [2017] EWHC 1304,....................................14
Evidence of the relationship of the strength between the patent rights and the wealth of nations 14
Mishandling of the patent monopoly.........................................................................................15
Advantage of the patents............................................................................................................15
Disadvantages of the patents......................................................................................................16
Conclusion.....................................................................................................................................16
Bibliography:.................................................................................................................................17
Primary Sources:............................................................................................................................17
Case Laws......................................................................................................................................17

Legislation..................................................................................................................................17
Secondary Sources:........................................................................................................................18
Ques. Patents are looked upon to provide two kinds of the
impetus towards the technical efficiency, and hence the
growing wealth, of the community as a whole.
Invention
Innovation plays an essential role in the economic development of the Country. Developing and
Emergent countries have acknowledged that innovations are about the learning capacities, it is
not limited to the production of high technology products. The term Innovation means doing
something innovative that develops the product, services and processes. An intellectual property
right protects the innovations of the individuals. Innovation capacities are building up by the
Intellectual property rights.1
In the case of Synthon BV v. SmithKline Beecham plc [2005] UKHL 59, the Court stated that
an invention shall be acceptable as the intellectual property if the innovation is new which means
it is not available as the art of the state; the novelty of the invention is stated in the section 2 of
the Patent act, 1977. The art of the state includes the whole things made obtainable to the
community everywhere before the date of filing of European patent application. Moreover, the
content of the previously filed patent application is considered as included the art of the state.
Patent lack originality if the previous art delivers a supporting disclosure which is claimed in the
current patent application.2
1 OECD National Intellectual Property Systems, Innovation and Economic Development (OECD
Publishing, 2014).
2 Synthon BV v. SmithKline Beecham plc [2005] UKHL 59

An innovator wants to secure the invention as the invention is the contribution of the skilled
person in the art and practical world. The Invention is the resolution to a precise problem in the
arena of technology. For the protection of the invention it is important that the patent system
grants the exclusive right to the inventors for the patented innovation. This would extent to
conceding a monopoly in excess of an uncultivated practical field.3
The Invention is the resolution to a precise problem in the arena of technology.
Intellectual Property Law
Intellectual property law deals with the legal issues related to the production of invention and
originality.
An Intellectual Property Right is the protection right established by the Intellectual property law
for the fortification of incorporeal belongings for instance thoughts, symbols and info.
Intellectual property gives a right to the owner of Intellectual property that without obtaining a
license from the actual owner of the intellectual property; others cannot use or misuse the
intellectual of the right owner. Intellectual property right has main three categories; each
category has different rules and aims. The categories of the intellectual property are Patent,
Copyright and the Trademark.4
Intellectual property gives a right to the owner of the intellectual property that without obtaining
a license from the actual owner of the intellectual property; others cannot use or misuse the
intellectual of the right owner. Intellectual property right has main three categories; each
category has different rules and aims. The categories of the intellectual property are Patent,
Copyright and the Trademark. The perceptive of the intellectual property is that encourages the
innovation without the distress that an opponent will bargain the knowledge or take the
acknowledgment for it.
3 Justine Pila & Paul Torremans, European Intellectual Property Law (Oxford University Press, 2016).
4 Navneet Nagpal, Manisha Arora, Md. Rageeb & Md. Usman, Intellectual Property Right (Educreation Publishing,
2017).