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→Modern Terms
'''Probabilistic Patents - (PP)'''
Patents are inherently probabilistic b/c they do not guarantee monopoly rights over new art. Rather patents suggest a greater likelihood to prevail in court should there be litigation. They cannot provide perfect protection from infringement or obstruct the filing of invalid patents.
'''Look for:'''
''Bessen''
''Lemley & Shapiro''
''information asymmetry''
''uncertainty''
''invalid patents''
''infringement''
