Osgoode Hall Review of Law and Policy
Document Type
Lecture
English Abstract
In this lecture the author argues that the system of granting a time-limited monopoly is a prudent means of obtaining disclosure of an invention. Yet the modern ramification of disclosure is the presence of a surfeit of information exacerbated by the globalization of commerce. The result is a marked increase in transaction costs. Transaction costs can be lessened to the extent that the scope of the right in question can be sharply delineated and the time-limit is not excessively generous. Unfortunately, the system of intellectual property rights currently in force ensures that there is a substantial amount of grit in the wheels of industry.
Citation Information
Jacob, Robin.
"Is Intellectual Property the Grit in the Wheels of Industry?."
Osgoode Hall Review of Law and Policy
2.1
(2014): 41-54.
https://digitalcommons.osgoode.yorku.ca/ohrlp/vol2/iss1/4
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