Intellectual Property Monetization

Abstract

The United States Department of Commerce is home to the United States Patent and Trademark Office (USPTO or Office). The USPTO's responsibilities include trademark registration and the granting of patents to protect inventions. Regarding their discoveries, company goods, and service identifications, it supports the interests of companies and inventors. Additionally, it provides guidance and support to the President of the USA, the Minister of Commerce, the Department of Commerce's bureaus and offices, as well as other government departments, on all local and international elements of "intellectual property." The Office fosters the nation's industrial and technical advancement as well as the economy through the preservation, categorization, and dissemination of patent information.