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IMPACT/THEFT
IP Theft is Costly
The U.S. Patent and Trademark Office said that, as of 2018, the sales of counterfeit and pirated goods total between $1.7 trillion and $4.5 trillion annually.
The cost of a patent infringement case with $10 million to $25 million at stake may range from $2 million to $9 million,
According to the Global Brand Counterfeiting Report, the amount of global counterfeiting was projected to reach $1.82 trillion in 2020, impacting economies and businesses worldwide.
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