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Title: "Commercializing Property Rights In Inventions: Lessons For Modern Patent Theory From Classic Patent Doctrine"
Author: Adam Mossoff Visiting Professor of Law, Washington & Lee University School of Law ; Associate Professor of Law,
Source: COMPETITION POLICY AND PATENT LAW UNDER UNCERTAINTY: REGULATING INNOVATION, Geoffrey A. Manne, Joshua D. Wright, eds., Cambridge University Press, 2011
Publication Date: June 16 2011
Free/Fee: Free Access
Reads: 2917
Abstract: In 1859, Abraham Lincoln famously observed that the &quot;patent system . . . secured to the inventor, for a limited time, the exclusive use of his invention; and thereby added the fuel of interest to the fire of genius, in the discovery and production of new and useful things.&quot; Lincoln understood this point all too well, as he remains the only U.S. President to have obtained a patent (which was still in force at the time he gave this speech). Today, scholars and lawyers often quote this passage from Lincoln's 1859 speech as a poetic exemplar of the long-standing policy justification for the patent system it promotes inventive activity and progress of the useful arts by adding the fuel of interest to the fire of genius.
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