Monday, December 13, 2004

A GOOD LESSON: The Seattle Times does an article on Harry Rasmussen, who founded the company Crest Industries, which manufactured telephone products during the 1970'2-80's. The story is sad mostly because Rasmussen took what he thought was a good business idea, obtained patents on his technology, and started changing the telephone industry in the 1980's.

Unfortunately, Crest's patent portfolio turned out to be much weaker than he expected (apparently due to poor drafting), and a change in the business climate had his company falling prey to cheap Asian knock-offs. Because law firms were not open to alternate fee arrangements for litigation, his company could not afford to defend it's patent portfolio against these copies being flooded onto the US market. As a result, the company went under.

Undaunted, Rasmussen is now working on encryption technologies, and is hoping to make a comeback. However, I would bet that he is going to be a little more vigilant in obtaining patent protection on his inventions, and perhaps may think twice before abstaining from enforcing his patent rights. Best of luck.

Seja o primeiro a comentar


This Blog/Web Site ("Blog") is for educational purposes only and is not legal advice. Use of the Blog does not create any attorney-client relationship between you and Peter Zura or his firm. Persons requiring legal advice should contact a licensed attorney in your state. Any comment posted on the Blog can be read by any Blog visitor; do not post confidential or sensitive information. Any links from another site to the Blog are beyond the control of Peter Zura and does not convey his, or his past or present employer(s) approval, support, endorsement or any relationship to any site or organization.

The 271 Patent Blog © 2008. Template by Dicas Blogger.