PTO Deputy Michelle Lee Says the Patent System Needs Change
If there was a major message to take away from Michelle K. Lee’s speech at Stanford Law School on Friday, June 27, it was that the patent system needs change to properly address the needs of an ever-growing list of stakeholders in the patent process, including the general public… Lee argues that, currently, the benefits of maintaining our country’s patent system outweigh the costs, but the dialogue which needs to effect positive change requires a critical view of the role of patents in regards to innovation. In this respect, Lee is quick to point out that patents aren’t the only drivers of innovation. The first-mover advantage of bringing a product to market before others can be its own incentive to innovate, she said, and open source models are chosen by some organizations that develop technology. Copyrights, trademarks and trade secrets are other options through which innovation can be protected.