The Backbone of the U.S. Economy
“Protect Yourself From Intellectual Property Theft”
On August 12, 2005, U.S. Under Secretary of Commerce for Intellectual Property Jon Dudas reiterated what you already know: small businesses and individual inventors are the backbone of the United States’ economy. Dudas believes that intellectual property theft is one of the biggest crises facing the country’s economy today and that it’s time small businesses and individual inventors start enforcing their intellectual property rights.
“The strength of our nation’s economy rests on the ingenuity of American inventors,” he said in a release. “In the 21st century, securing protection for your inventions is almost as important as the invention itself.”
“Don’t Lose Your Intellectual Property Rights”
The USPTO estimates that small businesses and individual inventors lose $250 billion and 750,000 jobs each year due to intellectual property infringement (Source: Stopfakes.gov). That is nearly two percent of the Gross Domestic Product in 2006, according to the Bureau of Economic Analysis.
The challenge for small businesses and individual inventors is to find intellectual property attorneys who work in contingency based patent law firms. Small business and individual inventors do not always have the financial resources to compete with the legal juggernauts working for the corporations that may be committing patent infringement.
patent infringement cases can be complicated and costly, especially in the area of claim interpretation. The individual inventor is instrumental in assisting the patent attorney assess the potential patent infringement. Since the inventor is generally most familiar with the invention, he can assist in interpreting the claims and their scope, in describing the motivations for invention, and in describing the prior art in the particular field.
The fact that we litigate intellectual property cases on contingency sets us apart from most other firms. We do not charge hourly fees. We operate with no cost reviews. A patent infringement case is a long and complex process. We feel it is best if both parties invest in the cause, combining to create a single team. Please contact our patent attorney for more information.
