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What is patent quality?

The quality of the Intellectual Property Rights in circulation is the key to a functioning patent system. For an invention to be patented, according to patent law, it must be new and inventive. All too often, however, patents are awarded for technologies that do not fulfil these criteria. This clutters the patent system and twists its original purpose. Instead of promoting innovation and fostering technological advances, patents nowadays are more frequently reported to be used to threaten companies into entering questionable license agreements and block innovative companies by increasing the risk of research and development investments.