The American Bar Association estimates that the market value of S&P 500 companies can include as much as 75% of intangible assets. This is quite an increase over a 1975 estimate indicating that less than 20% of these companies’ collective market value consisted of intangible assets.
A good portion of these intangible assets is intellectual property, which includes patents, trademarks, copyrights and trade secrets. As you may be aware, there is now federal jurisdiction for trade-secret theft. The Defend Trade Secrets Act of 2016 (DTSA) was signed into law May 11, 2016, after being unanimously passed in the Senate and ratified in the House by a vote of 410-2. The DTSA became immediately effective for all trade-secret misappropriation taking place after the bill’s signing date.
Check out the October 2020 issue of FORGE, featuring our cover story on "Fever Screening and Forging Quality". Other features include "Forging with Hybrid Steel", "FutureForge in Scotland: The Goldilocks Effect", and much more.