Of course, patent strategy is not a panacea for all of the ills of small and mid-sized manufacturers. However, in today’s global marketplace, it can be virtually guaranteed that an innovative product will be knock-offed and sold for a lower cost, thus leaving the innovative manufacturer to compete on cost, or to stop making the product. Adoption of a robust patent strategy may be a key to preserving the longevity of many of the remaining small and mid-sized U.S. manufacturers of specialty products.
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