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Podcast: Leveraging Inspiration: The Inspired Patent Podcast
Episode: S13 E27 Securing IP Ownership When Working with Partners, Employees, and Contractors with Wayne Carroll and Ike Devji
Description: S13 E27 Securing IP Ownership When Working with Partners, Employees, and Contractors.
Do you own a socket wrench? I have done many projects with a socket wrench. One of the innovations was invented in 1965 when a Sears clerk invented a socket wrench with a button that releases the socket so you can change sockets with one hand. Sears agreed to buy the patent rights from their employee for $10,000 and then went on to sell millions of socket wrenches with the button release feature. When the inventor saw how widely the patent was sold, he sued Sears saying...