Do We Still Need Patents
Wisdom Systems Make More Sense
Let’s make some definitions first.
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. (https://en.wikipedia.org/wiki/Intellectual_property?wprov=sfla1)
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention. (https://en.wikipedia.org/wiki/Patent?wprov=sfla1)
A copyright is a type of intellectual property that gives its owner the exclusive right to copy, distribute, adapt, display, and perform a creative work, usually for a limited time. The creative work may be in a literary, artistic, educational, or musical form. Copyright is intended to protect the original expression of an idea in the form of a creative work, but not the idea itself. (https://en.wikipedia.org/wiki/Copyright?wprov=sfla1)
Trade secrets are a type of intellectual property that includes formulas, practices, processes, designs, instruments, patterns, or compilations of…
