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INTELLECTUAL PROPERTY

No country values intellectual property more than the United States. Many of the achievements that made America a leader of the world economy would have been impossible without legal provision giving authors and inventors incentives to continue their creative activities. Over two hundred years ago America’s Founding Fathers provided for the protection of intellectual property rights in the U. S. Constitution. Thomas Jefferson was the first head of the US Patent Office; he became our third President - how is that for a coincidence?
 
Today America has a comprehensive system of protection for intellectual property. It includes patents, copyrights, trademarks, trade secrets, and norms of fair competition. This is necessary to protect the main capital of America - her intellectual and creative potential. The United States receives more for know-how and other IP products than for armaments or consumer products. Therefore, the US government takes a dim view of activities in other countries allowing local "pirates" to infringe upon the fruits of that capital.
 
It is well-known that the United States excels in fundamental science. American universities and R&D centers maintain good ties with business interests. The government and venture capitalists both invest gladly in emerging technologies. Such projects are risky - many of them fail - but the successes bring enormous profits to IP owners. That is why investors and entrepreneurs are always looking for promising new hi-tech start-ups. That is also why scientists and inventors in America are offered opportunities that no other country can offer.
 
Our group of attorneys was privileged to work on one such project in 2008. Two friends, graduates of MIT (one of the most prestigious engineering schools), founded a new company to develop their own original ideas. One of them was a descendant of recent Greek immigrants. The other came from Israel at the age of 11.
 
Ten years and millions of investors' dollars later their company made a break-through product which took the world by storm. The next year the company and its IP portfolio was purchased by an entertainment industry giant for an astronomical sum of money. Their ideas created a whole global industry with over $2 Billion annual revenue in 2008. The two friends were named among 100 most influential people on the planet in Time Magazine’s 100 list. And at the time their combined age was just about 75 years!
 
Could this be possible in any other country?

IF YOU BELIEVE YOUR INTELLECTUAL PROPERTY RIGHTS NEED PROTECTION IN THE USA, KINDLY REQUEST A CONSULTATION WITH ONE OF OUR ATTORNEYS. WE WILL BE HAPPY TO ASSIST YOU!

© Valery Milgrom, 1997 - 2012

Disclaimer: This website is designed for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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