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A patent is a time-limited monopoly, granted as recompense for publishing the details of their invention. Inventors can profit from their invention by selling
by manarth 10y ago
A patent is a time-limited monopoly, granted as recompense for publishing the details of their invention.
Inventors can profit from their invention by selling products, and keeping the invention details a Trade Secret. For example, Coca-Cola is protected as trade secret, rather than by patent.
Naturally this is less useful for something that can be reverse-engineered fairly easily, like, say, something in tech.
What inventor wants to patent their idea and why do they want to do such an awful thing?
These days, I think it's mostly out of fear of being sued by another patent-holder. Companies often stockpile patents to maintain the deterrence of Mutually Assured Destruction.