According to Fox News in Chicago, this is a disappointing story about a man named Keith Taylor. After all, he had done everything right.
Keith had invented a unique turning signal back in the 80s. He patented that device, sought out a supplier, got paid, and got out. When the supplier went defunct, Keith lost the house he had bought with the money they paid him, and he had to move back to the neighborhood he had started in. Then a few years later he spotted a Mercedes using his turn signal, so he sued.
He lost, the judge saying the Mercedes signal was different enough, but even the judge had to admit his lawyers were lousy.
“They took this patent and ran with it and never paid me,” said Taylor.
LeDuff asked him if he felt cheated.
“Yeah, because I came to them in full confidence that they were going to work with me and help me, and they kind of just left me out of the equation,” Taylor responded.
Now the patent has expired on his turn signal and Taylor has no more options unless Mercedes finds it in its heart to cut him a check. If they don’t, they’ll bury Taylor in the neighborhood next to his dear, old mother.
“You look at what his patent was, you look at what he contributed, and you see it’s out there. The patent was held valid. The system just failed,” said Dr. Ken Kohn, a patent lawyer.
Photo by Andy Arthur
|100 People you Should Follow on Twitter in 2014|
|How the heck does the stock exchange work, anyway?|
|This Video Will Make You Wish You Were an Entrepreneur in the 1980s|
|The Chinese Train That Never Stops|
|Even the Shopping Cart Needed Marketing|
|Entrepreneurs Take Too Many Showers|
|Science is Cool, Even the Science of Christmas Trees|
|3D Print Your Unborn Baby|
|How to Attract Better Clients|
|The Economics of North Dakota’s Oil Boom|