Patent Stories - Real World Examples of How Patents Are Useful
Patents are complicated, aggravating, annoying, expensive, and often ineffective. You do not need one to make and sell a product. You do not even need one to collect royalties in some cases. But if you are an inventor and you have a great product concept that can sell for many years, having a strong patent is essential. Below is a video with the stories of three patents and why they were worth having; the stories can now be told because the patents have expired. The patents referred to concern hand tools, but the basic concepts can be applied to patents on anything, including patents for electronics, apps, medical devices, toys, food products, formulations, business methods etc.:
- You can read the SqueezeDriver® story here.
- The story about licensing to Black & Decker is told here in the context of licensing inventions.
- Here's the DRTV spot for Gator-Grip®:
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