A patent grants you the exclusive rights to an invention or a product, and no one else can copy that design as long as you hold the patent. This may seem like a simple concept, but it is critical in the business world, where a company's entire value can be governed by the patents it holds and the ability that gives the company to produce goods for its customer base.
The pharmaceutical company Takeda may not have expected to acquire a large liability when it bought the drug company Shire. However, the new owner of Shire has been forced to pay $155 million to Bayer over a patent infringement lawsuit.
A Chinese national will serve 27 months in federal prison after he admitted to stealing trade secrets from two businesses in Irvine, California.
Applying for and being granted a patent is not as easy a process as you might think. That's why it's important to do your research prior to applying for a patent. It's also a good idea to consult with an experienced intellectual property law attorney in Roseville, California, to have all of your questions answered. Let's take a look at the items that can be patented in today's post.