Where do patents fit in, in a free market ? please read

Jordan22473 posted on Fri, Oct 23 2009 9:41 PM

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Hi I have a question for you guys and galls. Where do patents fit in in a free market ? Patents are legal property, they are similar to investments in that  you take your money or labor time and put it into developing a new product, process or in the case of an investment a corporation, then you are entitled to a retern on your investment. The purpos of a patent is to recope losses incerd during R&D as well as a way  for inovaters to profit  from what is durring the duraration of the patent there intelectual property. In an unregulated or state absent market it would be difficult for many patent holders to secure there rights ( the exclusion of others from using there patent ) , have a remidy to seek restitution from infringment, or to have the market even acnowlge the patent as bieng ligitamite. This would discorage the inovater as there would be no reward for encorring the cost of thiere inovation since the new or more efficent product or process is open to all the market to exploit. Awnsers from differnet points of view are welcomed and encouraged. Espesialy if you wold void or alter the consept of the patent.

Thanks Bye