“A patent confers upon its holder the right to exclude others from exploiting an invention for a limited time in exchange for the public disclosure of that invention.”Consensus definition of modern patent
Counterpart. Many mistakes are frequently made concerning the definition of patents. Often people confuse the right to exclude with a right to exploit, but even more often they just forget the counterpart, the obligation of public disclosure and finally patents are viewed solely as a legal document similar to a right for a temporary monopoly, an incentive for innovation or a reward. Although there are historical grounds for all this, the notion of counterpart is well anchored in modern patents and key in the approval process.
Man of the art. In fact patents look like a legal document because in a way they are legal documents, but they are simultaneously technical or scientific documents because they contain a precise description of the invention so that the man of the art (in our case technician or scientist) can re-create the process of invention. I believe this makes patents very interesting for science.
Scientific relevance. Unfortunately, misunderstanding remains. The scientific content of patents is supposed to be weak and of non interest and it is believed that the best patents have their content published soon after acceptance.
- PATENTS WITH0%SCIENTIFIC CONTENT
- At mAbImprove we determined that 25% of the patents contain significant scientific information and we found over 100 sequences of therapeutic antibodies unpublished so far in academic literature and in databases.
“For the USPTO, disclosing and disseminating data go to the very heart of our mission. After all, the patent system rests on the bargain an inventor makes when he discloses an invention and teaches the public how it works, and in turn receives the right to exclude others from practising it. From that perspective, the USPTO has been in the business of open data for a very long time. “Michelle K. Lee, Director of the USPTO
Source : Medlolo Start-up Plan (v1.0) page 9
See: Wiki page on Patents