Last Randall

  • The PRC’s attitude toward Intellectual Property can be summarized as follows: “What’s ours is ours and what’s yours is ours.” For 70 years one of the regime’s founding principals has been that property rights don’t belong to people; they are bestowed by government. So, expecting the PRC to respect anyone else’s property rights, intellectual or otherwise, is asking them to contradict that founding principal. So any IP arrangement or settlement with PRC must recognize this fact and be backed by credible verification, enforcement and redress regimes. Otherwise, it will be worth less than the paper it is written on.