When you apply for patents

Posted on Nov 2, 2017 in Blog

When you apply for patents, try to make them broad enough that you limit other businesses from making products similar to yours. When Prince introduced its oversize tennis racket in the 1970s, the patent was so broad that other manufacturers had to pay Prince royalties to make larger rackets and remain competitive. If you aren’t interested in earning royalties from competitors, you can simply refuse to share your patent or file a lawsuit that might be too costly for a new company.

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