Many individuals with a new idea for a product have the wrong idea about the role patents play in business. They see patents as a way to simply make money off their idea. However, patents exist to encourage innovation which is not the same.
A telescope is a valuable tool. Used properly, it makes distant objects appear closer. However, used improperly it, in fact, makes the problem of seeing distant objects worse. The first word I often hear from tech start-ups involves how to protect their idea with a patent. While I have never been a big fan of […]
Patents were developed to allow a company exclusive access to a market in order to recoup their research and development (R&D) costs. Callaway Golf, the maker of the Big Bertha family of drivers, spends between 30 and 35 million dollars per year on R&D. As with most products, a substantial portion of the sales price […]