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Facts about Intellectual property
- The United Nations Universal Declaration of Human Rights recognizes intellectual property as a fundamental human right.
- IP-intensive industries contribute $5.8 trillion to U.S. output, making up 38% of total U.S. GDP.
- Rogue websites selling counterfeit physical goods attract more than 87 million visits per year.
- Digital piracy costs the global economy $75 billion annually.
- Copyrights help ensure that new works by artists are encouraged and ensure compensation for their life’s work.
- Trademarks help consumers identify the brands they trust and avoid the dangers of counterfeit goods.