Patents, Novelty, and Trolls: Crash Course Intellectual Property

The video, hosted by Stan Miller, explores patent law, its history, and its economic impact. It explains the five requirements for an invention to be patentable, using the Magic 8 Ball as an example. The video also discusses different types of patents, including utility, design, and plant patents, and highlights the economic and policy issues surrounding patents, such as patent trolls and public access to innovations. The video concludes with a call to support Crash Course.

What is the primary purpose of granting patents to inventors?

• To ensure inventors can sell their inventions at a high price

• To provide inventors with a permanent monopoly

• To allow inventors to keep their inventions secret

• To encourage inventors to disclose their inventions to the public

Which of the following is NOT a requirement for an invention to be patentable?

• The invention must be useful

• The invention must be novel

• The invention must be non-obvious

• The invention must be expensive to produce

What type of patent is granted for a new, original, and ornamental design?

• Utility patent

• Provisional patent

• Design patent

• Plant patent

How long is the term of protection for a utility patent?

• 10 years

• 14 years

• 25 years

• 20 years

What is a major concern regarding patent trolls?

• They increase the cost of litigation for companies

• They reduce the number of patents issued

• They create new patents for public use

• They help inventors develop new products

What is a key challenge in balancing patent law?

• Ensuring inventors receive no incentives

• Providing unlimited access to all inventions

• Balancing inventor incentives with public access

• Eliminating all patent protections

Which of the following is a potential issue with patent law in developing nations?

• Lack of access to proprietary medications

• Excessive patent durations

• Overproduction of patented goods

• Increased patent filing fees