More sharing of views on IP urged
Legal experts have called for more exchanges of information on matters relating to intellectual property between professionals in China and the United States amid growing business links between the two countries.
"With so many moving parts in Chinese policy changing so rapidly, and with the relationship between China and the US changing so rapidly, there will be a constant need for information and ways to present (companies') technology and ideas," said Randall R. Rader, a former US federal appeals court chief judge who has more than 25 years' experience in IP and patent law.
Rader made the remarks via video in a keynote speech for the US-China Intellectual Property Exchange and Development Foundation's grand inaugural event and fundraising dinner on Tuesday in New York. Rader is also a member of the foundation's board of trustees.
Demi Wang, founder and CEO of the foundation, said there is information asymmetry between the two countries' professionals in the field of intellectual property.
"The unbalanced information exchange results in much misunderstanding of the two nations' execution of IP regulations," she said.
Shen Chunxiang, an international IP lawyer at Beijing-based NTD IP Attorneys, said: "Many companies from both China and the US are affected negatively due to a lack of knowledge on each other's law, regulations and real business environment.
"But their demand for IP protection has always been growing with their foreign business expanding. So now, different sides, including government officials, company leaders and IP lawyers, can exchange their views and know more about each other's real situations, which is quite significant."
Rama Rao, a former director of the World Intellectual Property Organization at the United Nations, said: "The professional level of the foundation is very important. Those experienced professionals from various organizations can share opinions via the platform."
Many large companies have their own independent and professional law teams that handle the IP portfolios. But many mid-sized and smaller enterprises face obstacles in IP protection.
"As a civil agency able to reach many leading IP-related service institutions and academic resources, the foundation can provide various consulting services, such as applying patents and the commercialization of IP," Rao said.
Rader said IP is a driver of economies, creating new products, ideas and markets.
"Nothing is more attractive for consumers than something new, unprecedented and beneficial," he said. "That's the advantage of IP in general." He said China and US have recognized the importance of intellectual property, which is one of the key issues in their trade negotiations.
(Source: China Daily)