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http://1828.mshaffer.com |
Friday - February 10, 2012 |
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 In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. Please update your bookmarks: http://www.1828-dictionary.com/d/word/personified |
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Patents have a maximum life of 20 years and, therefore, a 20-year potential monopoly. Patents that are just beginning their life and which have longer to run on the their potential monopoly position understandably will have more value. It is rare that a patent nearing the end of its term will cause a great threat to its competitors. It is almost certain that they will have devised technologies or products of their own by then that will not interfere with the patent owners monopoly position. In addition, one has to take into consideration the potential business life of a patent, i.e., the duration, which a patent is likely to be economically useful, if other subsequent patents are providing better alternatives to it. IPstreet.com will help you with you understand patents better and provide you with the tools to take your patent searching to a new level. The Japanese commissioner in Washington DC in the 1900's studying the American patent system said, "We have looked about us to see what nations are the greatest, so that we can be like them... We said, 'What makes the United States such a great nation?' and we investigated and found that it was patents, and we will have patents." |
