Patent Early, Patent Often: A Valentine’s Day Lesson in IP Protection
What's love got to do with it? Well, if "it" is intellectual property, then nothing, really. But the holiday of love does mark the anniversary of a truly iconic day in IP lore, and serves as a valuable reminder of a lesson that companies and individuals who create IP should never hazard...
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Why Do Patents Matter for Your Business?
Patents are critically important to many kinds of businesses, particularly businesses that rely on technology and innovation, for competing effectively. The evolution of products in these types of industries tends to be so rapid and persistent that it can be quite challenging just to keep up with that evolution, not to mention...
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Licensing Your Invention: Dealing with a Big Corporation
You’ve protected your invention with a provisional patent. You’ve made a working prototype that you can use to demonstrate to an investor or licensee. You’ve studied the market and you’re convinced that you have a dynamite invention. The next step? You’ve decided not to venture, but to find a licensee to purchase...
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Inventing for Money: To Venture or to License?
One of the first major decisions that inventors must resolve as they develop their ideas into products is whether to venture or to license their inventions. The answer depends largely on the inventor himself; where his passions lie, what his strengths are, what his resources are, and, frankly, his willingness to take risks. ...
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