Abstract
THE point raised by Prof. Polanyi appears to be based on a difference of opinion between him and the financial backers of inventors. He is of opinion that the proposed reform "would not on the whole take away any of the financial stimulus for the exploitation of patents while leaving everyone free to use them". On the other hand, however, the opinion of the financial backers, insofar as it has been indicated during recent discussions of suggestions for the compulsory licensing of all patents, is that the monopoly or exclusive licence obtained through the grant of a patent is generally necessary before the financial arrangements for commercial exploitation of an invention become practicable. The small number of patents that are voluntarily endorsed licences of right under the existing arrangements shows that the opinion of inventors is, as a rule, in agreement with that of their financial backers.
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[Letters to Editor]. Nature 156, 55 (1945). https://doi.org/10.1038/156055a0
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DOI: https://doi.org/10.1038/156055a0
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