A PYMNTS Company

Makan Delrahim On The 20th Anniversary Of World Intellectual Property Day

By  |  April 27, 2020

This week, the U.S. Department of Justice Antitrust Division celebrates the 20th anniversary of World Intellectual Property Day.  The division marks the occasion by remembering the revolutionary ideal that our nation’s founding fathers embedded in the U.S. Constitution: that “securing . . . to Authors and Inventors the exclusive Right to their respective Writings and Discoveries” will “promote the Progress of Science and useful Arts.”  For over 200 years, this “exclusive Right” has served as the foundation of the U.S. system of patent, copyright, and trademark laws.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Indeed, as James Madison explained in The Federalist Papers, “The utility of this power (the Intellectual Property Clause) will scarcely be questioned. The copyright of authors has been solemnly adjudged, in Great Britain, to be a right of common law. The right to useful inventions seems with equal reason to belong to the inventors. The public good fully coincides in both cases with the claims of individuals.”

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Securing the rights of individuals over their inventions and creative output provides powerful incentives for innovation and dynamic competition.  Time and again, strong intellectual property rights have fueled new technologies and creative trends that break down the power of entrenched monopolists—all to the benefit of consumers all over the world.

    Full Content: DOJ

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.