No patents, no problem: how Formula 1 technology races ahead without patent protection

As arguably the most technologically advanced sport in the world, where cutting-edge R&D is critical to achieving results on the track, it would be reasonable to assume that patents play a pivotal role in protecting innovation within Formula 1. Yet patent applications are rarely filed by F1 teams. Why is this? And, if not by patent protection, how do F1 teams protect their IP in order to maintain a competitive advantage in the sport?…
By: Allen & Overy LLP