Facts About Patents´╝ÜEverything you need to know

What Are some Interesting Facts About Patents?

Interesting facts about patents abound but while many people are familiar with the term, they do not know what a patent is and why someone needs it. Interesting facts cover a variety of issues such as why you should hire a patent attorney and when a patent expires. 

FAQS

Q. How long have patents been in existence?

A. Patents date back to the ancient Greeks. In 1474, the first patent law was put into effect in the Venetian Republic. 

Q. When was the first U.S. patent issued?

A. The first U.S. patent was assigned to Joseph Winslow in 1633.

Q. I have an invention, but some might feel it’s not useful or silly. Can I still get a patent?

A. Since patents have been issued, there have been inventions that are considered silly such as a bicycle with its own sail, a face-mask that prohibits the wearer from eating, even a shirt for gerbils. None of these inventions were disqualified for a patent. 

Q. I have an interesting invention for that could be used by major retailers. Should I approach the company directly?

A. Probably not. An example of what can happen dates to 1963 when a big box department store was approached by an individual offering the patent for their invention. The company rejected the invention noting it had no value but paid the individual $10,000 for the research. The company then proceeded to manufacture the invention that ultimately earned the business over $40 million in sales. 

Q. Is the polio vaccine patented?

A. No. Jonas Salk did not patent the vaccine. It’s estimated the worth of the vaccine would have netted Salk around $7 billion. 

Q. What about insulin? Was that patented?

A. No. The researchers involved in discovering insulin made the decision not to apply for a patent. They did this so the treatment of diabetes would remain inexpensive. 

Q. Did Benjamin Franklin patent his many inventions?

A. No. He felt it was important to give back to those whose inventions he had had access to and that anything he invented should be shared with the world.

Q. I realize there are a lot of questionable patents that make no sense. Is there one that stands out?

A. Yes. One that didn’t stand a chance was when the Halliburton Company attempted to get a patent for patenting.

Article by Upcounsel

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The World’s First Rollable smartphone is coming in 2021

By CNET

LG’s tease of its Rollable smartphone at its CES 2021 press conference isn’t just for show. The Korean company will release the phone later this year, according to people familiar with LG’s plans. 

The brief glimpse of the phone was the second tease of the Rollable, which has a display that extends upward to create a larger, more tablet-like screen. Presumably, the bottom of the phone, when it’s in landscape mode, has a mechanism that furls and unfurls the display, similar to how its rollable OLED televisions work — but on a smaller scale. 

The LG Rollable only showed up in two videos bookending the press conference and the executives on stage didn’t mention the device. That led to speculation that it was only a concept device, not ready for prime time. TCL later Monday showed off two concepts for rollable phones, including a larger 17-inch tablet that unfurled from both ends, like a treasure map, but those appear to be far away from an actual product.

LG Rollable is the rollable smartphone from LG and could be the first commercially available rollable smartphone. Oppo has also showcased the rollable smartphone but it’s a concept and LG Rollable looks like will be a mass-produced device that people can actually buy. LG could unveil the LG Rollable in March 2021