woody 73
Well-known member
For most of us, we have heard this story before of David and Goliath;
in that story David took on the big brute Goliath and in the end he won.
Peter Roberts was just that David and Goliath was the the mighty Sears behemoth, it took many long years of lawsuits but in the end Mr. Roberts got some satisfaction out of it.
Mr. Roberts patent was filed on April the 24th, 1964 and Granted on Sept. the 28th, 1965 for the quick release ratchet we all come to know and use.
When he was 18 years old and working as a clerk in a Sears Roebuck Store in Gardner, Mass. he invented the quick release ratchet; his boss at the time said why not sell it to Sears and he thought that would be a good idea at the time.
Sears gave him $10,000 dollars but they told him his patent had no value, of course we all know they went on to make over 44 million dollars from that patent of no value.
I have some nice links for you to look over and a few pictures of his ratchet design; and if I failed to mention it he did win more money in the end of a long court battle.
http://datamp.org/patents/displayPatent.php?number=3208318&typeCode=0
https://en.wikipedia.org/wiki/Peter_Roberts_(inventor)
http://articles.latimes.com/1986-07-14/business/fi-19337_1_wrench-case
http://www.nytimes.com/1982/04/03/b...-suit-clerk-wins-5-million-in-sears-case.html
http://www.google.com/patents/US3208318
http://patents.justia.com/inventor/peter-m-roberts
http://alearnedit.blogspot.com/2013/04/a-teenager-invented-quick-release.html
http://law.justia.com/cases/federal/appellate-courts/F2/573/976/123507/
http://vintagemachinery.org/MfgIndex/detail.aspx?id=732&tab=7
http://law.justia.com/cases/federal/appellate-courts/F2/723/1324/320127/
http://www.nytimes.com/1983/12/23/us/a-new-trial-is-ordered-in-sears-wrench-case.html
in that story David took on the big brute Goliath and in the end he won.
Peter Roberts was just that David and Goliath was the the mighty Sears behemoth, it took many long years of lawsuits but in the end Mr. Roberts got some satisfaction out of it.
Mr. Roberts patent was filed on April the 24th, 1964 and Granted on Sept. the 28th, 1965 for the quick release ratchet we all come to know and use.
When he was 18 years old and working as a clerk in a Sears Roebuck Store in Gardner, Mass. he invented the quick release ratchet; his boss at the time said why not sell it to Sears and he thought that would be a good idea at the time.
Sears gave him $10,000 dollars but they told him his patent had no value, of course we all know they went on to make over 44 million dollars from that patent of no value.
I have some nice links for you to look over and a few pictures of his ratchet design; and if I failed to mention it he did win more money in the end of a long court battle.
http://datamp.org/patents/displayPatent.php?number=3208318&typeCode=0
https://en.wikipedia.org/wiki/Peter_Roberts_(inventor)
http://articles.latimes.com/1986-07-14/business/fi-19337_1_wrench-case
http://www.nytimes.com/1982/04/03/b...-suit-clerk-wins-5-million-in-sears-case.html
http://www.google.com/patents/US3208318
http://patents.justia.com/inventor/peter-m-roberts
http://alearnedit.blogspot.com/2013/04/a-teenager-invented-quick-release.html
http://law.justia.com/cases/federal/appellate-courts/F2/573/976/123507/
http://vintagemachinery.org/MfgIndex/detail.aspx?id=732&tab=7
http://law.justia.com/cases/federal/appellate-courts/F2/723/1324/320127/
http://www.nytimes.com/1983/12/23/us/a-new-trial-is-ordered-in-sears-wrench-case.html







