Patents Again

A common misconception that I often hear is that companies think that they have “protected” their IP by getting a granted patent.

Not so, they only get to protect their IP when they enforce their patents in a court, and win said court case.

It’s expensive and time consuming business all around.

I would note that they are much better off in thinking about protecting their company’s revenues and profits, rather than their IP.

Once it is thought of in this way, it is often realised that investing all those patent and court costs into new products or services is be a better investment with a higher likelihood of success.