A leading firm of intellectual property specialists is urging
West Midlands business to take advantage of new patent legislation
that has come into force.
Birmingham- based IP specialists Forresters said the latest
Patents County Court Order will give smaller businesses easier and
less costly access to justice in protecting copyright and
trademarks.
As part of the change in the law, lower value IP cases will be
dealt with at the Patents County Court (PCC) with a new damages cap
of £500,000 for all claims to the PCC. The new law clarifies
that the damages cap applies also to proceedings involving
copyright and trade marks - a similar rule for patent cases came
into effect in June of this year. Although the limit can be
increased, both parties have to agree.
Matthew Shaw, a partner based in Forresters' Birmingham offices,
believes the legislation will hugely benefit smaller businesses who
may in the past have struggled to meet the court costs necessary to
protect their intellectual property.
"This will put SMEs on an equal footing with larger companies
and should give them the confidence to stand up and enforce their
IP," he said.
"The aim of the legislation is to make the justice system more
accessible to small businesses, and we believe it is the right
encouragement. Many SMEs have had a fear of High Court costs, and
rightfully so, with a recent review showing that one in five SMEs
had abandoned attempts to enforce rights to the financial
risks.
"We would urge any SMEs who have in the past been unwilling or
unable to discuss protecting their intellectual property in court,
to seek professional advice as soon as possible. At Forresters we
have many years of experience in patent and trade mark law,
representing small and medium sized business across a wide spectrum
of sectors."
Forresters is one of the leading intellectual property law firms
in the UK, working with professionals such as scientists,
engineers, researchers and designers, to protect their ingenuity
from a commercial perspective whilst providing legal recognition of
innovations, brand names or logos, and designs.
Mr Shaw added: "The changes will provide clarity in the legal
process, reduce the involvement of middle men such as barristers
and solicitors, and allow the specialists to prepare the case. All
the court paperwork and discussion is done beforehand ensuring the
process is streamlined and that a judge can make a quick
decision.
"The legislation will also give smaller businesses a clear idea
of the rights available to them."
The new legislation follows the Hargreaves Review of
Intellectual Property and Growth, which confirmed that some smaller
firms are put off taking action because cases could end in the High
Court.
Under the changes, a damages cap of £500,000 has been
brought in for all claims in the PCC. It means lower value, less
complex cases, normally involving small businesses will
automatically fall within the jurisdiction of the PCC.
Mr Shaw said: "Whereas in the past a case may have gone to the
High Court with potentially astronomic costs, under the new
legislation it can be heard at the PCC for a fraction of that.
"The bottom line is that strong IP rights can be meaningless if
you do not have the money to go to court - now the process has been
opened to ensure that every business can afford their right to
intellectual property protection without having to go to the High
Court."