Peter Roberts Invented a Quick-Release Ratchet When He was A Teenager. He Sold His Patent to Sears for $10,000. They Said His Invention Was Not Worth Much, But They Made $44 Million Selling the Ratchet. Roberts Sued Them and Got $1 Million.
The most common type is the ratcheting socket wrench, also known as a ratchet. A ratchet has a reversible ratcheting mechanism that allows the user to pivot the tool back and forth to turn its socket rather than remove and reposition a wrench. But did you know that a teenager invented this tool? Peter Roberts, […]