Posted by Brendon-KS on June 23, 2018 at 11:46:35 from (63.245.145.35):
In Reply to: Re: 3pt hitch posted by Crazy Horse on June 23, 2018 at 10:02:28:
There are only a few ways in which a patent ever provides a financial return to the patent holder. 1) The patent holder is a manufacturer and the patent gives them a competitive advantage in the marketplace with resulting increase in sales. 2) The inventor negotiates a formal contract with a manufacturer to either pay royalties or buy the patent rights so the manufacturer can use the design in their products. 3) The inventor files suit against an entity viotating the patent and wins in court. However, unless the patent holder has very deep pockets and a very strong case scenario #3 is unlikely to occur as defending a patent could easily cost hundreds of thousands of dollars.
The thing to understand is that an inventor isn't entitled to any compensation just because they hold a patent. There is nothing criminally illegal about violating a patent so the inventor does not have the law on their side. It is up to the inventor himself to be either a good salesman (ahead of time) or an agressive defender in civil court (after-the-fact) if they ever expect to see a financial reward from their patent.
Above I use the terms "inventor" and "patent holder" sort of interchangeably but there can be a difference. If a private individual invents something and gets a patent the two terms would both refer to the person. On the other hand, if an employee of a company designs something which the company chooses to have patented the individual is listed as the inventor but the company is typically listed as the patent holder. In this case there is no financial benefit available to the inventor beyond any kind of bonus or other reward their employer might provide.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
