The Tussle Between Competition And Patent Laws

Introduction

Revolution is the key to development and that's the reason there are laws such as patent laws which inspires the generation to come up with new technology and inventions by providing 'n' number of incentives! One of such incentives is the exclusive right of exploitation of an invention in the commercial market. However, there are also some acts which aim to prevent monopolies and promote competition in the market. Now, you must be wondering that on the one hand, a law is allowing to have exclusivity over a new technology and on the other, another act is preventing monopolies to promote fair competition; isn't it contradicting?! How can one protect his intellect from being exploited by others and also prevent oneself from being dominative in the market same time? Well, we have got all your doubts sorted. This article shall answer all of these questions and will provide you a clear perception on how to maintain a right balance between both the