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Trademark Related News

 Under Secretary of Commerce for Intellectual Property Announces FY 2006 Budget Request for the
United States Patent and Trademark Office


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 Under Secretary of Commerce for Intellectual Property Announces FY 2006 Budget Request for the
United States Patent and Trademark Office


The President’s fiscal year 2006 budget request for the United States Patent and Trademark Office (USPTO) is $1.7 billion, equaling anticipated FY 2006 fee collections from patent and trademark filings.

The FY 2006 request represents a $149 million increase over FY 2005, and reflects an anticipated rise in patent and trademark fee collections. The USPTO’s FY 2005 budget allows the agency to collect in FY 2005 and 2006 the fee increases requested by the Administration in the United States Patent and Trademark Fee Modernization Act of 2003 (H.R. 1561).

“The President’s budget request for fiscal year 2006 permits the USPTO to continue the work necessary to fulfill promises made in the 21st Century Strategic Plan,” noted Jon Dudas, Under Secretary of Commerce for Intellectual Prope
 

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Daily Terms

Misappropriation

Definition:
A common law form of unfair competition in which an individual or firm copies or appropriates some creation of another that is not protected by patent, copyright, or trademark law, or any other traditional theory of exclusive rights.

Assignment

Definition:
A transfer of ownership of a trademark application or trademark registration from one entity to another.

Trade Secret

Definition:
A trade secret includes proprietary knowledge and other confidential information that companies keep secret to give them an advantage over their competitors.

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