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Intellectual Property News
Russian Intellectual Property Violations Must Be Addressed at G-8 Summit
Washington, DC— Congresswoman Watson today released a letter sent to President Bush requesting that he address Russia’s weak enforcement of intellectual property rights (IPR) at the upcoming Group of 8 Summit. The letter also urged the President to withhold his support for Russia’s entry into the World Trade Organization (WT0) until the nation takes appropriate steps to improve its IPR enforcement.
Representatives Tom Lantos (D-CA-12), Ranking Member of the House International Relations Committee, and Darrell Issa (R-CA-49) also signed the letter.
“The cost of Russian piracy in 2005 to the United States’ creative and patent community was over $1.7 billion, with losses topping $6.8 billion over the last five years,” wrote Congresswoman Watson. “We anticipate these costs would far outweigh the benefits of the liberalized trade that would come with Russia’s accession [to the WTO].” Read more at house.gov
Small businesses lack idea theft prevention.
U.S. small businesses may lack the knowledge, expertise or resources necessary to prevent the theft of their ideas and products.
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Definition:
This is a contractual agreement from a copyright owner or the owner's authorized agent, such as a third party vendor, allowing another party to exercise one or more of the exclusive rights provided the copyright owner under the Copyright Law (See FAQ Section 2.1.5).
Inventor
Definition:
One who contributes to the conception of an invention. The patent law of the United States of America requires that the applicant in a patent application must be the inventor.
Infringement of copyright
Definition:
Can pertain to US CODE TITLE 17, CHAPTER 5 Sec. 501. - Infringement of copyright see the law, example: The legal or beneficial owner of an exclusive right under a copyright is entitled rights
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