Posted by Paul from MI on September 13, 2014 at 19:23:52 from (204.106.248.120):
In Reply to: Tractor tool patent posted by Heyseed on September 12, 2014 at 22:44:39:
Patents have value only when the covered product is sold. Making and selling the actual patented item is a whole lot different from inventing and obtaining a patent. I have seven patents, all of which were assigned to my employer(who paid me to develop them). As an individual I could never have promoted them or developed a market and actually sold a product. I was well compensated for my efforts over the 45 years I worked, no complaints on my end. On the other hand I know several others who have had good patentable ideas, invested thousands, and lost it all because they overlooked the business side of inventing. After their patents expired, someone picked up the idea and manufactured it or altered it a bit and made it.
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