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Intellectual Property News
Russian Intellectual Property Violations Must Be Addressed at G-8 Summit
Washington, DC— Congresswoman Watson today released a letter sent to President Bush requesting that he address Russia’s weak enforcement of intellectual property rights (IPR) at the upcoming Group of 8 Summit. The letter also urged the President to withhold his support for Russia’s entry into the World Trade Organization (WT0) until the nation takes appropriate steps to improve its IPR enforcement.
Representatives Tom Lantos (D-CA-12), Ranking Member of the House International Relations Committee, and Darrell Issa (R-CA-49) also signed the letter.
“The cost of Russian piracy in 2005 to the United States’ creative and patent community was over $1.7 billion, with losses topping $6.8 billion over the last five years,” wrote Congresswoman Watson. “We anticipate these costs would far outweigh the benefits of the liberalized trade that would come with Russia’s accession [to the WTO].” Read more at house.gov
Definition:
This is an agreement from a copyright owner allowing another party to exercise one or more of the exclusive rights provided the copyright owner under the Copyright Law (See FAQ Section 2.1.5. Permission generally does not involve the transfer of any fees or reimbursements. Permission may also be referred to as a Copyright Release.
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.
Assignment
Definition:
A transfer of rights in intellectual property. Transfer of anything less is considered to be a "license."
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