Abstract
Proposes a reform in the intellectual property rights system. The proposed changes give employees/inventors the right to claim back their patents from firms that do not commercialize the patented inventions within a limited period of time. Large corporations commercialize only a fraction of their patent portfolios, and yet the current intellectual property laws do not provide employees/inventors with alternative ways to realize their ideas. The proposed reform empowers nimble employees by providing them with ownership claims against the patent assignees. Ownership claims are considered more effective in empowering employees in an economy where technological and organizational transformation undermine the significance of stakeholder claims.
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