SOL: This is fruitless and gives inventors and corporations a false sense protection.
Example:
You invent a new product and find a U.S. company to manufacture your
product. Since it is supposedly too costly to manufacture or produce
your product in the U.S. your product is subcontracted to a foreign
company in China, India, Taiwan, Indonesia, etc. etc. Obviously, the
trade secrets for the manufacturing of your product is provided to the
offshore slave/child/prison labor company in detail. These “sweat shops”
provide no protection for your “trade secrets” so basically you have
given away the trade secrets of your product. Thats what happens when
almost ALL manufacturing is sub-contracted to offshore manufacturing.
And YOU wonder why there are so many KNOCKOFF of tour product and the
loss of your “TRADE SECRETS" THE MINUTE IT GOES OFFSHORE? WAKE UP TO
REALITY! HAVE YOUR PRODUCT MADE IN THE U.S.A.!
COMMON SENSE SHOULD TELL YOU THAT IN MOST CASES THE COST OF SUEING THESE “FOREIGN ENTITIES” IS A WASTE OF TIME AND MONEY.
Obama signs Hatch bill protecting trade secrets
"As
many of you know, one of the biggest advantages that we've got in this
global economy is that we innovate. We come up with new services, new
goods, new products, new technologies," Obama said in signing the bill.
"Unfortunately, all too often, some of our competitors, instead of
competing with us fairly, are trying to steal these trade secrets from
American companies. And that means a loss of American jobs, a loss of
American markets, a loss of American leadership."
Hatch's
office stressed the new law would help Utah businesses, especially tech
companies now making a new home along the Wasatch Front that are
worried about protecting their trade secrets. It could even help
restaurants, like Cafe Rio, Hatch's office noted, because recipes can
also be private information.
Supporters
of the new law say that it will go a long way in combating the loss of
hundreds of billions of dollars each year by stealing corporate trade
secrets, which can be stolen with a few keystrokes and sometimes at the
behest of a foreign government or competitor.
Obama
said Wednesday that allowing civil actions against theft in federal
court would "hurt them where it counts, in their pocketbook."
Hatch,
in a statement, said enacting the Trade Secrets Act is the "most
significant intellectual property development in years, and it
demonstrates that Republicans and Democrats can work across the aisle in
seeking to advance important public policies that will benefit the
American people and boost our nation's economy."
Michelle
K. Lee, the director of the U.S. Patent and Trademark Office, called
the signing a "new day for American inventors," in a piece on Huffington
Post.
"From
the recipe for Coca-Cola to the formula for WD-40, trade secrets
pervade the world around us — and have for as long as there has been
commerce," Lee wrote. "Innovators of all types, Fortune 500 and solo
inventors alike, rely on trade-secret protections as a speedy and
affordable way to safeguard the creativity and inventions that power a
search engine or offer a competitive advantage in one's manufacturing
process, all while furthering one's business goals."
But
the bill does have its detractors. More than 30 law professors said in a
2014 letter that the Defend Trade Secrets Act will not solve the
problems its sponsors say it will.
"Instead
of addressing cyber-espionage head-on, passage of the DTSA is likely to
create new problems that could adversely impact domestic innovation,
increase the duration and cost of trade secret litigation, and
ultimately negatively affect economic growth," the group warned.
No comments:
Post a Comment