Patent - " Commerce Under Secretary Highlights Indiana’s Innovation and Employment Terre Haute event focuses on U.S. jobs"

Commerce Under Secretary Highlights Indiana’s Innovation and Employment Terre Haute event focuses on U.S. jobs

Terre Haute, Ind. -- Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO) Jon Dudas, joined by Congressman John Hostettler (IN-8 th ), today told a group of Sony DADC officials and workers that intellectual property theft costs U.S. businesses approximately $250 billion annually and hundreds of thousands of jobs. He also applauded Sony--a worldwide leader in innovation—for their commitment to protect its most important intellectual capital.

“Most of the jobs in our economy are related to intellectual property in some form,” noted Under Secretary Dudas. “Protecting intellectual property against piracy and counterfeiting is a key part of economic growth.”

Today, the Labor Department announced that the economy gained 121,000 new jobs in the p

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Daily Terms

Misappropriation

Definition:
A common law form of unfair competition in which an individual or firm copies or appropriates some creation of another that is not protected by patent, copyright, or trademark law, or any other traditional theory of exclusive rights.

Washington Treaty

Definition:
China was among the first countries to sign this treaty, but the United States and Japan did not sign it due to disagreements with compulsory licences, the treatment of innocent infringement, and the protection of designs when they are incorporated in industrial products.

Trade Secret

Definition:
Business information that is the subject of reasonable efforts to preserve confidentiality and has value because it is not generally known in the trade.

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