For people who love to invent things, patents are their lifeblood. Thomas Edison, for example, grew much acclaim for inventing the lightbulb and phonograph, but it was his long list of patents that gave more fame – he still holds today’s world record for the most patents by one person (1093.) If you hold even one patent, then you need to practice good patent management. Patents can be held for only a limited amount of time, and usually involves being renewed at some point. When you practice good patent management you can ensure that you can exploit your invention for as long as possible.
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