The Intersection of Competition Policy and Patent Policy: Implications for Promoting Innovation workshop was sponsored by the U.S. Patent and Trademark Office, the U.S. Department of Justice, and the Federal Trade Commission.
The workshop was held at the USPTO's campus at 600 Dulany Street, Madison Building Auditorium, Alexandria, VA.
In recent years, federal agencies and the courts have recognized that patents and competition share the overall purpose of promoting innovation and enhancing consumer welfare. Timely, high-quality patents promote investment in innovation. The competitive drive of a dynamic marketplace fosters the introduction of new and improved products and processes. By contrast, delay, uncertainty, and poor patent quality can create barriers to innovation. Additionally, where standards for violating antitrust law are unclear, or where the threshold for antitrust violations is set too low or too high, innovation can be stifled. The workshop will address ways in which careful calibration and balancing of patent policy and competition policy can best promote incentives to innovate.