Nowadays, in the ever expanding world of technology, manufacturers of tablets, smartphones, and touchscreen devices have been running into more and more lawsuits over patents. To counter this issue and cover their ground when it comes to their products, most companies have a very thorough legal department that investigates a new device before it is built, making sure there are no patents out there that could cover it and that it is not infringing on any copyrights, etc. Another thing many companies have started to do, however, is buying patents from other companies, businesses, individuals, etc.
The more patents the company owns, the more rights to technological designs, innovations, and ideas they have, which gives them an upper hand as it both protects them from legal issues of that nature and it gives them the rights to something no-one else has [excluding the creator of the patent who may retain rights to having come up with the idea].
What does this all mean?
If you have a good idea for something that could be applied to a smartphone or tablet, you may want to check and see if it is out there yet. Chances are, your idea could be worth something to the right people. Who knows; maybe your idea could turn into the next big thing!
n
noun
1.
something new or different introduced: numerous innovationsin the high-school curriculum.
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