9 Patents That Earned Millions For The Inventor


Apple vs Samsung: One of the most frequently known battles of patent right violations is that of Apple and Samsung. This is an ever ongoing case, where when one patent rights violation is settled another one springs up again. Well in these battles Apple has won more times than Samsung.

Apple sued Samsung for $2 billion in copyright violation but was rewarded only $290 million from Samsung sales. Time and again the two technology giants have dragged each other to court and this is unlikely to stop anytime soon.

ViaSat’s Victory: The Satellite builder Space Systems/Loral was fined $100 million from the original amount of $283 million which was to be paid to ViaSat Inc. for infringing on a patent and also violating a contract from a former customer. SSL went ahead and built a broadband satellite for a rival company of ViaSat. SSL had to pay $40 million up front and the other $60 million in installments over a period of 2.5 years.

Spanx Sara Blakely: Sara Blakely is known as the youngest female self made billionaire who worked hard and spent all her savings of $5000 to work on a prototype of Spanx. This idea came to her when she cut off the ends of her pants and then worked on the idea of creating women apparels.

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