A penholder having a retractable tether for holding a pen in an upright position adjacent a vertical portion of the stand extending the when not in use for easily finding the pen. The tether extends when the pen is in use but does not interfere with use since little or no tension is exerted on the tether...http://www.google.co.uk/patents/US7150575?utm_source=gb-gplus-sharePatent US7150575 - Freestanding penholder
