Intellectual Property

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– US Constitution article i section 8 clause 8

[Congress shall have the power] To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries

Intellectual Property is Extremely Valuable

As one author stated, when refrencing Intellectual Property and the U.S. Economy, “these 81 [Intellectual Property Intensive] industries were responsible for some $6.6 trillion in value added in 2014, representing 38% of total US GDP. This is an incredible figure. Almost four in every ten dollars generated in the US economy relates to IP intensive industries. Furthermore, these industries directly supported some 28 million jobs and indirectly provided work for 17 million more. In total that is almost one third of US employment. IP intensive industries significantly outperform non-intensive industries proportionately in both job creation and wealth creation.”

%

of US Economy

Types of Intellectual Property

Patent

The exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years. Learn More

Trademark

Any name, symbol, figure, letter, word, or mark adopted and used by a manufacturer or merchant in order to designate the origin or the goods or services. Learn More

Copyright

The exclusive right to make copies, license, and otherwise exploit a literary, musical, or artistic work, whether printed, audio, video, etc. Learn More

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