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Market Rules
A world where business is the dominant driver
This scenario is the story of the consolidation of a system so successful that it is collapsing under its own weight. New forms of subject matter - inevitably including further types of services - become patentable and more players enter the system.
The balance of power is held by multinational corporations with the resources to build powerful patent portfolios, enforce their rights in an increasingly litigious world and drive the patent agenda. A key goal is the growth of shareholder value. Patents are widely used as a financial tool to achieve that end.
The market decides the fate of the system, with minor regulation of visible excesses. Patent trolling, anti-competitive behaviour and standards issues all come under scrutiny.
Key questions:
- Could the ever-increasing volumes overwhelm the patent system?
- Will the desire for patent rights continue to increase, or will there be new forms of IP protection?
- How might issues of enforcement impact the further development of patent rights as a financial asset?
- Does the patent system offer business protection in the face of ever-increasing competition?
