Team A creates a product. The product is niche specific, and has a purpose, but it is not the only product of its type in the niche. It has design advances that give it a leg up on its competition, and as a result the product sells well. The design advances are not specific to Team A. They are simply technological advances that are affecting a variety of industries. That Team A has applied them to this niche makes them the most valuable players in this niche -- or so the market says.
Team B learns of this, and decides to basically create a competitive model. Team B actually advances the product beyond Team A's development. At the point of development for Team B, Team A's product was patent pending.
Where will Team B be if the patent is awarded? Did Team B need to begin development before Team A applied for its patent? Or is Team B in the clear because development/production began before the patent was awarded?
Thanks....
Team B learns of this, and decides to basically create a competitive model. Team B actually advances the product beyond Team A's development. At the point of development for Team B, Team A's product was patent pending.
Where will Team B be if the patent is awarded? Did Team B need to begin development before Team A applied for its patent? Or is Team B in the clear because development/production began before the patent was awarded?
Thanks....