INCENTIVE-TO-DESIGN-AROUND THEORY

incentive-to-design-around theory.Patents. The economic theory justifying the grant of patent rights based on their tendency to encourage others to design substitutes and improvements that are better or cheaper. Cf. INCENTIVE-TO-COMMERCIALIZE THEORY Y; INCENTIVE-TO-DISCLOSE THEORY; INCENTIVE-TO-INVENT THEORY .

[Blacks Law 8th]