And let's say that if we just did it from a cash point of view, let's say we had to buy a patent in order to make our widgets.

Patented to whom?

And Thomas Edison din't invent the light bolb

And this is how it works

U. S. Patent Database

That is something that the Medicines Patent Pool cannot do.

an Act for the encouragement of learning .

The Medicines Patent Pool is a voluntary mechanism.

And Chester Carlson, the inventor, was a patent attorney.

Where is the Tokyo patent office?

The end of 2009 I think you get the point you'll have a patent worth 1,000.

You're wrong.

Ice nucleation for Weather Modification .

Patented clockwork mechanical man.

(Laughter)

Patent holders, inventors that develop new medicines patent those inventions, but make those patents available to the Medicines Patent Pool.

Jeju do

You're gonna attack?

The lonesome. The royal. The open road and the private.

Well, don't get too comfortable.

We could just say, oh, you know what?

You haven't patented this stuff. It's really interesting to me.

This has huge implications.

You have 400 patents?

A patent is a blueprint for how to make an invention.

A little grotesque but,

And then our snapshot, or our balance sheet at the end of 2007, will have on its assets a patent that's now worth 3,000.

His son will soon be 14 years old.

We had to buy a patent from some brilliant inventor someplace.

I'm not a radiologist.

KF So he's pretty frank about it not being new.

That is all there is to it. Apple has patented this.

This weapon of iron and wood. And you will be faithful.

I brought along the patents, the specifications for some of these works, because I've had my working methods patented at the Eidgenössische Amt für Geistiges Eigentum in Bern, Switzerland.

JULlET What must be shall be.

I feel just fine.

You've invented something new. Some hardware, or algorithm, or software, etc.

Second, the practice of patent holding companies have changed.

life of the patent might be four years.

And this is what I want to talk to you about today.

material object, which covers pretty much anything.

Now, can someone own this idea?

And at the end of 2010, probably because the patent is now expired and anyone can go out and produce whatever that invention that was patented without having the patent, we then say that the patent is worthless.

Okay, okay, you spoke to him for a minute.

Ok, I'll try it.