On 18 July 2017 the Regional Court of Düsseldorf made the decision in summary proceedings: Wilkinson is no longer allowed to offer replacement blades in Germany that fit the Gillette Mach 3 wet shave razor. This technology is protected by Gillette patent EP 1 695 800 B1 until February 2018. The patent "Dispensing razor blade cartridges used with a handle" has been filed on February 18, 1998, with a priority date of February 19, 1997. Shortly before the end of the patent protection Wilkinson has offered similar replacements (own blades) on the market by about 30% below the selling price of the Gillette original blades and intended to take over their attractive replacement business. What is
Today, the major part of the value of a company - on average over 80% - consists of intangible assets. Patents are among the "most tangibles among the intangibles": they can be borrowed, sold, licensed, for example. Companies use them to protect innovations from imitation and as a strategic instrument to keep competitors out of the market or to ensure a strategic balance of power.
Accordingly, patents also allow a deep insight into the R&D activities of companies and reveal much about the planned future and potential capabilities. However, this requires a quality measurement or, even better, a value assessment in order to obtain reliable information. The sustainability efforts of companies can also be supported, substantiated or questioned with patent value analyses.
Our Patent-Insider-Blog compiles interesting information, tips, news and hints extracted from patent values for you.