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

Summary

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…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER96.3% of users find it useful

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

Read Text Preview

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

Cite this document

APA
MLA
CHICAGO

(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.

Cited: 0 times

CHECK THESE SAMPLES OF Why Does Kodak Have to Sue Companies That Infringe on Its Patents

Kodak and Fujifilm Companies

The paper 'Kodak and Fujifilm Companies' states that both Fujifilm and kodak have focused on imaging and photography as the core business.... The success earned by the company in the early years of the 1970s made its leaders to block their ears from the cry of the customers about the looming failure that was ahead of the company.... This was possible through implementation of structural reforms that were able to encompass every facet of its operations....

5 Pages (1250 words) Research Paper

The Philosophical Premises Behind Property Rights

or example, in relation to patents, the rights are defined by the patent authorities based on what is defined in the patent claims.... I have been asked to advise Georgio as to the likelihood of the actions of Barnard being construed under the law as trademark infringement as he has launched an advertising campaign on billboards aiming to sell expensive chocolate by depicting a 'Georgio' piano dripping with liquid chocolate and in which the logo is clearly visible....

19 Pages (4750 words) Case Study

Office Equipment Market

As noted by several market analysts and marketing scholars, innovation is the key to survival within this market and, due to that, the market status of its key players (Xerox, IBM, Ricoh, Canon, Kyocera-Mita and HP) is virtually untouchable (Clarke, 2000).... They, however, can only do so if they have timed their innovations to coincide with the mentioned gap.... Indeed, as several market researchers have remarked, the profits which the printer, copier and facsimile machines' market appears to promise seems to beckon new market players to enter this particular industrial and market sector....

84 Pages (21000 words) Dissertation

Patent Rules in the UK

This paper "Patent Rules in the UK" presents patents as an extremely important thing in protecting the innovations of one's business.... patents are also intangible assets of one's business and apart from this can be sold or licensed in return for monetary income.... patents can also be beneficial in marketing one's products and services, as customers like to follow innovative, forward-looking companies.... This will be determined by the patent examiners who will make all efforts to determine the nature of the invention and if they find that the proposed invention had already been described in previous patents or written about in scientific magazines, then they will declare that the invention has been 'anticipated....

11 Pages (2750 words) Case Study

Property Rights: the Copyright Industries Reliance

Whereas the aim of my thesis is to draw upon examples from all times of IP rights and infringements on the internet, in this vein throughout my dissertation there will a heightened emphasis upon the recent developments in the area of Copyrights and patents law mainly because of the interesting legal and economic issues that have emerged in this area in the yesteryears.... The digital age seems to have compromised the concept of copyright material and has had negative outcomes for the publishing, music, and computer industries....

49 Pages (12250 words) Essay

Intellectual Property

The economic theory dictates that the value of the property is dependent on its demand.... Industrial property is that which encompasses patents, trademarks, industrial designs, and geographic indications of source (WIPO 2010).... Over the time, its importance has been recognized in sustainable development in the modern, literacy-oriented society of the new millennium (Sople 2003).... For instance in the US researches conducted over the last few years have established that about half of the exports are now dependent on the protection of IP, as compared to only 10% exports 50 years ago (Field 2008)....

30 Pages (7500 words) Essay

Patents provide competitive advantage for Kodak

why does kodak have to sue companies that infringe on its patent?... In fact, a company like Kodak is willing to go to the extent of suing companies that infringe the patents in order to protect the favorable business environment provided by these patents.... Patent are sources of competitive advantage for a company like Kodak over their rivals; thus, by awarding these companies patents to protect their exclusive use of technology can contribute significantly to their profitability and sustainability....

2 Pages (500 words) Essay

Kodak: Patents Hold the Key to the Future

Kodak had its patents on auction but the bids they received from Apple and Google were 150 million and 250 million billion dollars respectively.... This implies that any company who uses their invention before the expiry period would be facing a lawsuit from Kodak and would have to pay heavy settlement money for patent infringement.... They have to present a reorganizational plan till the deadline of 15th February 2013 under the terms of the bankruptcy protection....

1 Pages (250 words) Essay