By Randolph May and Michael Horney
The US Chamber of Commerce’s Global Intellectual Property Center held its 2nd Annual IP Summit yesterday with a prestigious list of speakers, and we were both pleased to attend the conference. Senator Chris Coons (D-DE) and Representative Bob Goodlatte (R-VA) were the two current members of Congress who spoke. There were also many Presidents and CEOs representing successful IP-related companies and organizations, as well as other speakers with heavy involvement in IP-intensive industries.
A principal, notable takeaway from the IP Summit is the message conveyed by the broad range of sponsors for the event. Just to name a few of the wide variety of businesses and organizations – The App Association, American Beverage Association, Biotechnology Industry Organization, CropLife America, Motion Picture Association of America, Pharma, and Software & Information Industry Association – their involvement in the IP Summit is a demonstration of the significant benefits from strong IP rights and effective enforcement regimes.
This broad range of sponsors is itself an indication that the protection of IP rights (whether copyrights, patents, trademarks, or trade secrets) is important to the success of many industries that span around the globe and benefit consumers worldwide.