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Like the tiny acorn that grows to become a mighty oak, an idea that
is protected and properly nourished can grow to become a huge corporation.
It isn't surprising that many of today's corporate giants were
founded more than a century ago with intellectual property as the basic
building block.
It is a fact that the creative genius of inventors and innovators
such as Thomas Edison and Henry Ford was responsible for the formation
of many of the successful
corporations that are now among the largest in the world.
However, careful research reveals that in many of these success
stories, the intellectual property upon which the company was founded
was stolen. And often
the crime has been covered up by never-ending legal challenges funded by deep-pocketed
corporations.
The story of corporate fraud reads like David and Goliath, with
the lowly inventor playing the role of David. David won with a slingshot,
and the only way that
an inventor can win against such corporate Goliaths is with a well-written patent.
Two significant cases will illustrate the need to protect your
intellectual property.
First, everyone "knows" that Alexander Graham Bell invented the telephone
and then proceeded to build the company that became known as American Telephone
and Telegraph (AT&T).
Few people know that the telephone was actually invented in 1860 by
Antonio Meucci — 16 years before Alexander Graham Bell filed for
his patent. Despite a public statement by the Secretary of State that "there
exists sufficient proof to give priority to Meucci in the invention
of the telephone, " and despite the fact |