All businesses have tangible assets: buildings, machines, and accounts receivable. Companies have intangible assets too: trademarks, patents, copyrights, reputation, and goodwill. SEMA places a high premium on the protection of trademarks, patents, and copyrights, also known as intellectual property (IP).
Government Affairs Research
I am not the world’s greatest authority on the subject of cars and propulsion systems, but I’m probably pretty high on the list in Congress. Some people want cars to go away entirely. Others think we are headed to all electrics, all hybrids or fuel cells. Of course, there are 130 million cars and trucks in the United States today, which are almost entirely powered by gasoline.
The issues currently facing the United States and all of its industries are among the most important we’ve faced in the nation’s history.
Any good idea or product is worth protecting—especially if it’s the mainstay of your business’ success. However, the process of protecting your intellectual property (IP) may seem daunting.
The laws and regulations that govern how SEMA members do business have an increased and growing impact on the way automotive specialty-equipment products are made, distributed and marketed.
Officials across the country are constantly working on legislative and
regulatory proposals that have a direct impact on our industry and your
In the specialty-equipment industry, certification often represents a
laborious but required undertaking for the selling of aftermarket parts.