3.9. Duration and Law/Policy Considerations

Try these first

1. 1.

   How long do patents last?

   Hint

   Think about how long it takes to develop a product.

2. 2.

   What is the duration of copyrights?

   Hint

   Think about the lifespan of a person.

3. 3.

   How long does a patent last?

   • 10 years
   • 20 years
   • Indefinitely

   Hint

   Consider how you would recoup investments on a new product.

4. 4.

   True or False: Copyright lasts indefinitely.

   • True
   • False

   Hint

   Remember how long a creator can control their work.

5. 5.

   A pharmaceutical company developed a drug and filed for a patent. Discuss how the duration of the patent impacts the company's pricing strategy and the public's access to the medication in emerging markets.

   Hint

   Consider the lifecycle of drug affordability in the market.

6. 6.

   Analyze the consequences if copyright duration was shortened to only 10 years. How might this impact authors, musicians, and the market?

   Hint

   Think about the financial implications for creators.