Real Costs of Ownership: Expensive Patent

The investment in R&D and patents cost the client $4.5M investment for $0 return

The Situation

  • Client developed “unique” construction method.
  • Attorney encouraged patent filing and further R&D/market development
  • Client later approached EverEdge for independent view.

The Client

Manufacturer

Outcome

  • EverEdge conducted an audit of the company’s intangible assets and analysis of its competitors
  • Became obvious that “patent” did little to protect invention and that the invention was not especially unique and had already been copied offshore.
  • Client had spent $930,000 on patents, roughly 2X as much on R&D and committed to major market entry (cost at 2X).

Result

The investment in R&D and patents cost the client $4.5M investment for $0 return

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