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"  Commerce Under Secretary Highlights Indiana’s Innovation and Employment Terre Haute event focuses on U.S. jobs"


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  Commerce Under Secretary Highlights Indiana’s Innovation and Employment Terre Haute event focuses on U.S. jobs

Terre Haute, Ind. -- Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO) Jon Dudas, joined by Congressman John Hostettler (IN-8 th ), today told a group of Sony DADC officials and workers that intellectual property theft costs U.S. businesses approximately $250 billion annually and hundreds of thousands of jobs. He also applauded Sony--a worldwide leader in innovation—for their commitment to protect its most important intellectual capital.

“Most of the jobs in our economy are related to intellectual property in some form,” noted Under Secretary Dudas. “Protecting intellectual property against piracy and counterfeiting is a key part of economic growth.”

Today, the Labor Department announced that the economy gained 121,000 new jobs in the p
 

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Daily Terms

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 ownership of a trademark application or trademark registration from one entity to another.

Functionality

Definition:
That aspect of design that makes a product work better for its intended purpose, as opposed to making the product look better or to identifying its commercial source.

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