Post by: kirkdekalb on December 21, 2013, 08:27:15 AM
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I have a friend who told me he made more money off of the enfringements than he did of off the sale and royalty. It was in the millions of dollars. His attorney fees were less than 100,000$.
I believe each case is case sensitive. A lot of it is based on the potential market compared to similar products. In his case his market rapidly expanded compared to any other like comparison. My stuff is doing the same thing.
The longer you wait to pursue, normally the greater the assets and targets to go after.
Five years ago I tried to sell my mechanisms to the public. I stated what potential was there. Got ridiculed, made fun of, and laughed at. Many said I was full of it. I couldn,t sell enough to even make it worth while to cover the basic costs. Never even got started. Time changed all.
When I applied for the second patent that changed the ball game dramatically. What was granted, along with the first patent, increased the way a trap could be used- baited, set, and designed.
I have found, the only way to make it work is to sell the traps themselves.
For someone to try to justify copying a patent with out the owners permission, is in my opinion, a sign of the type of the character they have.
You just don,t really know unless you have gotten your own patent.
Steve Birch owner of GON Magazine once told me of a man who worked hard at his project, worked 7 days a week, and after ten years was an overnight success. Maybe I have 3 more years to go.
Post by: Fl0und3rz on December 21, 2013, 09:26:33 AM
For someone to try to justify copying a patent with out the owners permission, is in my opinion, a sign of the type of the character they have.
It's theft, just like any other.
However, for royalties versus infringement damages, I'd think that having a clear cut infringement is easier money in the bank than all the effort it takes to successfully market and/or license a patent. So there is that silver lining re: theft of patented inventions.