Businesses will need to take time to digest the key points of the Government’s new intellectual property strategy, Carter Lemon Camerons’ litigation partner Seamus Smyth has said.
The Intellectual Property Office recently published it strategy for tackling infringement of rights, setting out some of its main priorities over the course of the next decade.
In its report, the organisation acknowledged Britain as a creative powerhouse and said it was important that businesses were assured that their rights would be protected.
At its heart the strategy promises to:
- Ensure UK businesses, including small businesses, are more confident in operating internationally as a result of better IP protection on a global level.
- Refine legislation so that rights owners and rights users have access to proportionate and effective mechanisms to resolve disputes and tackle infringement.
- Improve public awareness to ensure consumers are educated as to the benefits of respecting IP rights.
Baroness Neville-Rolfe, Minister for Intellectual Property, said: “Rights are undermined and devalued on all fronts by infringement, whether by the wholesale sharing of digital content through myriad file sharing and streaming websites, deliberate copying of patent or design protected products, or the importation and sale of counterfeit goods on a massive scale.
“The harm that this infringement causes is hard to measure, but it is also hard to understate. Infringement of IP rights is not just an economic matter, although it does cause financial loss to legitimate business, and to the Exchequer.”
In a rapidly changing world, protecting IP is a challenge for many businesses. For legal advice on this area of legislation please contact Seamus.