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Intellectual Property and the U.S. Economy: 2016 Update

Cover image for Intellectual Property and the U.S. Economy: 2016 Update report.Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being, and overall quality of life for the entire U.S. population.1 As the world leader in innovation, U.S. companies have relied on intellectual prop- erty (IP) as one of the leading tools with which such advances were promoted and realized. Pat- ents, trademarks, and copyrights are the principal means for establishing ownership rights to the creations, inventions, and brands that can be used to generate tangible economic benefits to their owner.

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