Audit, Compliance and Risk Blog

Brett Trout

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Intellectual Property Management: 3 Ways To Profit From Your Patent

Posted by Brett Trout on Wed, Dec 19, 2012

In1964 Robert Kearns invented the intermittent windshield wiper. But it would be 26 years and take more than a decade of litigation before he reaped the rewards of his invention. Payday for Kearns finally arrived in 1990 when Ford Motor paid him more than $10 million to settle the patent infringement lawsuit he brought against the company. Recalling Kearns’s story, which was turned into the 2008 feature film Flash of Genius, seems an appropriate lead-in for today’s blog on how to make money from your patent.

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Tags: Business & Legal, Internet, Intellectual Property