Consequences of the Bayh-Dole Act

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The Bayh-Dole Act of 1980 is arguably one of the most influential pieces of legislation to impact the field of intellectual property law in the twentieth century. The Bayh-Dole Act permits a university, small business, or non-profit institution using federal funds for research to produce an invention to retain the title on any patent issued for such inventions. Prior to this act, the government retained ownership of all patents granted using government money. The government also retained the right to license out the inventions to the private sector, which it did non-exclusively.

 

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