What impact will the Intellectual Property Act 2014 have on your business?

The Intellectual Property Act 2014 seeks to implement the recommendations of the Hargreaves Review of Intellectual Property and Growth 2011 with particular focus on the reformation of patent and design law. The act is scheduled to come into force from October 2014 and it is expected that all measures should be implemented by late 2015.

The act makes fundamental changes to UK design and patent law.

The act will enable the UK to implement the Unitary Patent Court Agreement (UPCA). The UPCA makes way for the introduction of the Unitary Patent (UP), a single patent that will have effect in 25 (of the 28) member states of the European Union, and the Unified Patent Court (UPC) to handle disputes concerning the UP. The introduction of the UP aims to streamline the procedure for obtaining patent protection across the member states of the European Union and to make such procedures more cost effective. The UPC will simplify the resolution of disputes and third-party challenges, requiring only one action to determine disputes that could potentially concern multiple jurisdictions within the European Union…

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