By: Linda Lewis
The Myth: Patents aren’t valuable. You can just make small changes and get around them.
The Reality: Many patents are extremely valuable. Monsanto was given a one billion dollar award ($1,000,000,000) in its law suit for patent infringement against DuPont/Pioneer. Clearly not every patent is going to be that valuable. The value is determined by how much is already in the public domain and consequently can’t be claimed in your patent, how well the application was drafted by the attorney, and how great the invention is.
Choosing a skilled patent attorney is critical in getting a valuable patent. Clearly, not every intellectual property lawyer is the same. St. Louis’ thriving entrepreneurial community is a great place to network and learn from successful business people the names of the best intellectual property attorney for your invention.