The Intellectual Property Bill
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Written on 10 December 2013
On the 10th May this year, the Intellectual Property Office
released a Bill with the proposed changes that should be made to the
current law of Intellectual Property. The Bill purports to make
property protection more accessible to small and medium enterprises,
allowing businesses to gain a greater understanding of what is
protected under the law. Another suggested reform is the cost of
litigation preventing smaller businesses being trampled on when a
larger company infringes its protected designs.
Business Secretary, Vince Cable said:
"Figures show that UK business invests nearly £16 Billion in design
each year, which represents 1.1% of GDP. The changes in this Bill are
to help SMEs and innovative businesses get on and grow. By reforming
and simplifying IP rules and making them easier to understand, we aim
to help businesses protect their innovations more easily."
Another key factor of this Bill is that it will aim to provide
a greater certainty for investors of new designs and technologies. This
is very important for businesses investing in future technologies, why
would they spend Billions in investment money to then have a small
company steal their design. It allows companies that invest in creating
the technologies and developments of the future to be safe in the
knowledge that their designs will not be taken without repercussions.
For those that infringe the rights of another, the Bill will
aim to introduce criminal sanctions for the infringement of designs.
This will bring parity with copyright and trademark infringement. By
creating a criminal sanction it also acts as a deterrent therefore
providing better protection for a very important property sector.
The Bill, if brought into law, will give the UK new powers to
implement the Unitary Patent Court Agreement. The Court is a central
part of introducing a unified patent across most of the European Union.
This is estimated to bring in benefits for businesses of up to forty
million per year.
The Bill, currently in its second reading in the House of
Commons may take some time before it becomes an Act of Parliament. We
will wait to see the changes Parliament makes and how it will change
the area of Intellectual Property Law for the better.
About the Author
Solicitors offer services and advice for litigation,
commercial contracts, Intellectual Property and IT legal agreements. We
are experts in commercial law with a heavy emphasis on Intellectual
Property, Internet and e-commerce law. Lawdit is a member of the
International Trademark Association, the Solicitors' Association of
Higher Court Advocates and we are the appointed Solicitors to the
largest webdesign association in the world, the United Kingdom Website
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Article Published/Sorted/Amended on Scopulus 2014-01-15 09:05:38 in Legal Articles