Protecting Intellectual Property is vital for Manufacturers
The article “Got IP? Protect It!” written by Dean Amburn was featured in the September issue of MiMfg Magazine. Amburn, an experienced IP Litigator was asked to pen an article with the aim of educating manufacturers on the importance of identifying and protecting one of their companies’ most important assets – their intellectual property. Consider the following:
- IP-intensive industries account for 38% of our nation’s GDP and supports over 27.9 million jobs
- Theft of IP costs the U.S. economy nearly a quarter trillion dollars annually — $180 billion from loss of trade secrets, $29 billion from displaced legitimate sales due to counterfeit and pirated goods, and $18 billion from pirated software
Here’s the bottom line: IP is critical to the success of any business and central to supporting the U.S. economy.
Read more about the four core IP areas every manufacturer should know about to remain competitive at home and overseas.