Protecting Intellectual Property
March 16, 2022
Some U.S. companies have found that foreign manufacturers have copied their products, packaging, and business plans, even though they had never done business abroad. Any business that exports its IP protected products abroad or sources its products overseas must take into account the potential for IP theft. For this reason, it is a good idea to get the appropriate forms of IP protection before doing business in another country.
In 2021, the top categories of products that infringed upon intellectual property rights included: pharmaceuticals, health/personal care, eye-wear, critical technology components, electronic articles, and transportation/parts.