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The United States, Australia, Canada, Japan, Morocco, New Zealand, Singapore, and South Korea signed the Anti-Counterfeiting Trade Agreement on Saturday, an accord targeting intellectual property piracy.
The European Union, Mexico and Switzerland—the only other governments participating in the accord’s creation—did not sign the deal at a ceremony in Japan but "confirmed their continuing strong support for and preparations to sign the agreement as soon as practical," the parties said in a joint statement.
The United States applauded the deal.
The accord, which the United States says does not require Congressional approval, also calls on participating nations to maintain extensive seizure and forfeiture laws when it comes to counterfeited goods that are trademarked or copyrighted. Most important, countries must carry out a legal system where victims of intellectual property theft may be awarded an undefined amount of monetary damages.
In the United States, for example, the Copyright Act allows for damages of up to $150,000 per infringement. A Boston jury has dinged a college student $675,000 for pilfering 30 tracks on Kazaa, while a Minnesota jury has awarded the Recording Industry Association of America $1.5 million for the purloining of 24 songs online.
Until European Union authorities began leaking the document’s text, the Obama administration was claiming the accord was a "national security" secret.
Originally posted by Unity_99
I'm waiting for true justice and the Bullies/Bad guys to be arrested.
That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Originally posted by admiralbiggles
well this is good news maybe theyll finally sort all the problems
Originally posted by TheWalkingFox
reply to post by Maxmars
How dare you question the eternal right to robbery held by the good god-fearing wealthy lords and ladies of corporate america, Maxmars? don't you realize how many of your fellow ATS'ers will have you in pillories over this breach of etiquette?
Originally posted by Maxmars
Until European Union authorities began leaking the document’s text, the Obama administration was claiming the accord was a "national security" secret.
arstechnica.com
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