A pair of young sisters was amazed when their nifty little invention — a microfiber cleaning cloth that sticks to the back of a smartphone or tablet — started picking up steam.
Called HypeWipes, the cloths were a hit at trade shows and amongst a growing number of customers. But that luck soon changed for 14-year-old Sophia Forino, her sister Marissa, and the girls’ father Rocca Forino: A company which markets a product called Hype-Wipe filed a $1 million lawsuit against the Forinos claiming the girls’ invention infringes on the trademark for the Hype-Wipe, reports WVIT-TV.
What can small business owners take away from this somewhat unfortunate intellectual property dust-up?
read the rest of the article: Young Girls’ Invention Gets Them Sued for $1M – Free Enterprise.