Closing the Gap Between Intellectual Property Awareness and Understanding

By: Manny Schecter

Intellectual property (IP) promotes innovation. The limited right to exclude others from copying patented inventions, copyrighted original works of authorship, and trademarked brands and logos encourages innovators to invest their time and money.

IP appeals to our sense of fairness by discouraging or preventing counterfeiting, passing off, and other harmful takings of the fruits of investments in research, development, creativity and innovation, and is leveraged by entrepreneurs seeking start-up capital. Unfortunately, the general public lacks a true understanding of how IP fuels our innovation economy.

The importance of IP has increased in recent decades, as evidenced by the growth in the portion of company value that stems from intangibles and the use of IP as an important tool in global competition. Given the growth in importance of IP, it is not surprising that awareness of IP has also grown. In the past, one had to resort to law books and legal journals to learn and keep up with recent developments about IP.

Read more >> https://www.ipwatchdog.com/2019/02/03/closing-gap-intellectual-property-awareness-understanding/id=105866/