Selling slogans & rights
Often, we come across new business ideas that sound good on paper, but don’t quite live up to our expectations. When we were alerted to online retailer Pat Pending, it sounded promising: customers can buy exclusive rights to a design, allowing them to resell copies of a garment, or resell their rights to the design. Interesting new business model, right? Unfortunately, Pat Pending took a few wrong turns.
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