In addition to doing general counseling work, I’m a patent lawyer. And I’ve noticed there are a few common misconceptions about patents. In an attempt to address those, here’s a thread on patent myths.
This might be the most costly of all patent myths. There is a concept, common among tech company founders, that filing a patent is one of the first legal steps they should take.
The idea of this myth is that, whatever else happens with the technology, patents serve as valuable assets that can be liquidated when and if needed.
This one is just legally incorrect. But it’s so common that I feel it’s a top-three myth.
Bottom line: Patents do not give their holder a right to practice any technology.