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But the real economic value of the invention, he said, would come when not just Nevada but other contiguous states license the vehicles, enabling trucking companies to use them to transport goods across long distances.
But the challenge in this approach lies in determining how much of a premium to ask in addition to the actual cost to date in order to reflect the true value of the invention.
When she goes to the Springfield Retirement Castle to whine about the injustice to Grampa, the seniors citizen see the seal visibly cheer up Jasper and the value of the invention becomes clear.
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Yet, apart from the size of the research project, none of these factors directly influence the expected value of the inventions.
Even Facebook, which gets more value out of the invention of the Like than any company known to man, knows that the Like is limiting in what it allows a user to express.
Anton and Yao (1994) indicated that an inventor with limited initial resources is likely to capture a sizeable share of the market value of the innovation by revealing its invention before starting negotiations (ex post contracting).
The classic problem with R&D spending is that, whatever the social value of the resulting inventions, businesses can never make sufficient private returns.
The manager in a certain level may identify the value of an invention from the opportunities.
This has been a controversial issue among academics, many of whom want to hold on to as much of the "value" of an invention as possible, regardless of how the work was funded.Dr Richards is having none of it.
In contrast to patent value estimates obtained from surveys and renewals, these records primarily provide a measure of the value of the use of the invention and not the value of patent protection.
Brief for Respondent at 33. LGE contends that it is unreasonable to expect a patent holder to ascertain the full value of its invention and all of the purchasers and uses to which the article would be put.
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