Klein & Wilson

On World Intellectual Property Day, review how IP laws impact you

There are awareness efforts and holidays that cover just about anything. Most of these days of observation are for good reason. Life and history give the world reasons to celebrate, become informed, advocate for change and join together for common causes. 

Today, on April 26, people throughout the world recognize the day as World Intellectual Property Day. What does this mean? From coast to coast, state to state, country to country, continent to continent, entrepreneurs, students, consumers and society overall should take the time to contemplate the impact of intellectual property rights within their lives.

This contemplation could be a personal matter for many, especially here in California. Silicon Valley is fertile ground for some of the biggest, most progressive and widely implemented tech ideas in the world. If you are one of the millions of creative minds here trying to somehow improve society through your ideas and innovation, at least giving a nod to IP rights is more than appropriate today. 

The World Intellectual Property Organization describes how innovation "turns problems into progress." Progress means more than making some aspect of consumers' lives easier. Something like inventing a product can have significant, widespread impact. If a product or process is new and effective, person after person will use it. They will pay for it. What was once a problem can lead to an entire business that employs people and creates a stronger economy. 

Your ideas are worth something. IP laws exist to protect the worth of your ideas not only for your benefit but for the benefit of society. Strong and just IP rights can be the foundation of a competitive economy. According to Forbes, over 30 percent of the jobs in the U.S. are tied to industries reliant upon intellectual property rights. 

Fight to defend the value of your creations. Doing so essentially helps to protect the economic strength of the U.S. economy. Let an experienced intellectual property rights lawyer assist you in protecting what may be you and your business' most valuable asset. 

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