Settlement Reached on Licensed Inventions
Thursday, May 1st, 2008In 1998 and 1999, I licensed 5 invention designs (flanges and valves for use as accessories to hot water circulators) to Taco, Inc., a manufacturer of heating components located in Rhode Island. (See, “Lessons in Invention Development” blog post, and links below.) Shortly thereafter, I discovered what appeared to be a production run of commercial versions of the “Freedom Flange” in Taco’s Cranston Factory while I was introduced to the VP of Engineering by the Residential Products Manager. Judging by the looks on their faces, the manager did not intend for me to see the room full of commercial flanges. (more…)