The Queen’s Speech on 18 May announced some very important changes for intellectual property (IP) law reforms that were much needed for both businesses and legal experts.
These reforms were manifested in the form of the Intellectual Property, (Unjustified Threats) Bill and they announced some important changes to laws regarding trademark, copyright and patent infringements.
Essentially, the reforms announced are designed to make things much easier for both businesses and legal experts when it comes to pursuing and settling intellectual property disputes.
Read the rest of this post to find out exactly how these new reforms are set to help you with any future IP disputes.
It Will Be Easier To Settle IP Disputes Out Of Court
It’s extremely taxing financially and timewise when a business needs to pursue litigation for an intellectual property case.
One of the big problems with current IP laws that the Queen’s Speech addressed was how businesses did not have adequate avenues from which to settle disputes out of court. Therefore, the majority of businesses that wanted to pursue an intellectual property infringement claim had no other choice but to pursue a costly litigation.
That was really a big problem with the previous laws because there were no doubt many businesses that would have preferred to settle an IP dispute outside of the courts if that option was available to them. The good news is that with this reform they now can.
Once legislation has been passed it will be much easier for a business to settle any intellectual property disputes out of court, which should be music to the ears of all business owners throughout the UK because it gives them much more freedom by which to settle any dispute.
Protects Businesses and Lawyers Against Unfounded Threats To Sue For Infringement To Gain A Commercial Advantage
Unfortunately, many businesses will do whatever it takes to succeed and beat their competition.
Sometimes, they resort to unethical approaches like threatening their competitors with an IP rights infringement without any real basis. This is to basically scare their competitors and threaten legal action; however, it’s something that can often be misused by businesses looking to gain a commercial advantage.
This was one major area that the new bill was seeking to address and under the new bill, businesses can no longer make unjustified threats against a business for intellectual property rights infringement. It’s a great reform that was in dire need so many business owners will be thrilled with this part of the reforms to the law.
However, the new bill will also help protect lawyers acting on behalf of their clients when pursuing an intellectual property case. Lawyers should not be subjected to threats of suing or actually being sued because they acted on behalf of a client regarding an intellectual property dispute especially if they’re trying to settle a dispute.
Now, with the new reforms they’ll be exempt from liability for making threats if it is indeed designed to settle any dispute.
Reforms to the current IP laws were a long time coming and needed for the industry.
Many businesses will be thrilled that they can now settle IP disputes out of court saving themselves time and money. Furthermore, legal experts will be happy that they are now exempt from liability for making threats to settle or pursue IP infringement when acting on behalf of their clients.
While the bill and reforms have been announced, they are yet to come into effect because legislation must first be passed. However, it seems inevitable that these reforms will be made now that the bill has been passed in Parliament so it’s great news for businesses and lawyers throughout the UK.
If you’re currently facing an IP case or you think you have reasonable grounds upon which to pursue IP rights infringement, then you’re going to need expert help.
Get in touch with us today and we’ll help you take the best course of action for your specific case.