Week’s news headlines – Oct. 16th 2015

Intellectual property rights are not monopolies

The Oct. 10 Economy & Business article “Protections for drug firms in trade bill fuel fresh opposition” inaccurately referred to “monopolies” in discussing the Trans-Pacific Partnership (TPP). Intellectual property rights are not monopolies. Rather, they protect the inventor’s property by affording the right to exclude others from commercially exploiting that which the inventor created. Were it not for the inventor, the public would not have the benefit of that invention.

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Intellectual property law remains hot

Intellectual property law continues to be one of the hottest practice specialties for lawyers.

“Twenty-five years ago, the value of a corporation was 75 percent hard goods versus 25 percent intangible assets and intellectual properties,” said Richard Hermann, who has written extensively about legal careers and teaches online courses through Concord Law School. “Today that has completely flipped with the corporate value being 80 percent intellectual properties and intangible assets and only 20 percent in hard goods.”

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Trans Pacific Partnership IP Chapter – Trademarks, Thoughts on Geographical Indications

It appears that an October 5, 2015 version of the Trans Pacific Partnership (TPP) Intellectual Property (IP) Chapter is now available on WikiLeaks.  This article includes the entire text of the WikiLeaks-referenced TPP Section C: Trademarks. This article offers accompanying commentary together on the TPP’s trademark provisions together with thoughts on portions of the TPP text regarding Geographical Indications (GIs).

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