Why Does Kodak Have to Sue Companies That Infringe on Its Patents - Essay Example

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The paper "Why Does Kodak Have to Sue Companies That Infringe on Its Patents" highlights that companies like Kodak spend a lot of money on research to provide innovative products to the market. the companies are awarded patents to ensure that they get their investment cost back…

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Why Does Kodak Have to Sue Companies That Infringe on Its Patents

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Subject: Business
Type: Essay
Level: High School
Pages: 1 (250 words)
Downloads: 2

Extract of sample "Why Does Kodak Have to Sue Companies That Infringe on Its Patents"

The companies owning the patents have time to benefit from their invention (Bagley, Constance and Diane 664).
2. Why does Kodak have to sue companies that infringe on its patents?

Kodak has a legal obligation to sue companies that infringe on its patents. Kodak is among the oldest companies in the market that are slowly dying. Patents give the company to exclusively benefit from its innovations. Kodak sues the companies for infringing on its patents to be compensated for its products. The company has to sue to deter other companies from infringing on its patents. Kodak has an exclusive right to produce the product for 20 years before other companies can duplicate it. The company uses it to ensure that it retains this right.

3. What can Kodak do to make a profit if most of its patents expire?
Kodak can market its products in the market to gain market dominance before its patents expire. The company should invest in market penetration to ensure that it attains a loyal client base before the 20-year patent period. The company can also diversify its product range to compete with other players in the market. Positioning is key for the company, the management should ensure that the company is well-positioned in the market. Read More

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(Kodak Patents Essay Example | Topics and Well Written Essays - 250 words, n.d.)
Kodak Patents Essay Example | Topics and Well Written Essays - 250 words. https://studentshare.org/business/1615015-hw

(Kodak Patents Essay Example | Topics and Well Written Essays - 250 Words)
Kodak Patents Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1615015-hw.

“Kodak Patents Essay Example | Topics and Well Written Essays - 250 Words”. https://studentshare.org/business/1615015-hw.

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