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World Intellectual Property Day!


Did you know that April 26 was World Intellectual Property Day? You'd hope that it would be a day where everyone would celebrate the artistic and genius creations throughout history... but for many, it's just a regular day of intellectual property problems.

The U.S. Chamber of Commerce Intellectual Property Center determined that the worth of all intellectual property in the U.S. is around $5.5 trillion. More than ever, people are fighting for intellectual property rights, with about 3,000 patent lawsuits every year.

Working with qualified patent attorneys who are knowledgeable on intellectual property law can help protect your creations from undeserving hands.

Whether you're a world-famous celebrity or just an average Joe, patent lawyers can help prevent any mishaps down the road.

According to Wealth Management, following the tragic death of cultural icon, Prince, his estate is struggling with some issues regarding his intellectual property. and right around World Intellectual Property Day, no less.

Prince has built an extensive library of intellectual property over four decades of music, performances, images, and entrepreneurship.

Prince Rogers Nelson has always been an advocate for protecting personal intellectual property. Changing his name to an unnamed symbol in 1996 and writing "SLAVE" across his face during a New York City performance.

"I don't own Prince's music," unnamed symbol (Prince) said to Rolling Stone. "If you don't own your masters, your master owns you."

Despite Prince fighting for his right to his own intellectual property all his life, he surprisingly - and allegedly - did not have a will. Since Prince did not have a child and both his parents died a few years ago, his property would be passed on to his deceased siblings' descendants.

Valued at $300 million, Prince's fortune has the potential to surpass this estimation because of "thousands of unreleased songs that are enough to release an album a year into the 22nd century."

With that amount of money and that amount of stardom going on in the news, Prince's estate will certainly be a hot topic of conversation well past the wonderful holiday of World Intellectual Property Day.

If you're in need of help with intellectual property, consulting with a patent attorney can help. Creating something extraordinary like a digitally-designed patent can last 14 years but if you aren't in contact with experienced patent attorneys, you could end up losing your property.

Don't risk losing your intellectual property rights by failing to act.

Register for patent, trademark or copyright protection by calling Kaufhold & Dix at 612-216-1161.

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