Thanks to the internet, theft of intellectual property is a widespread problem in many industries. The number one cause of this is piracy, however many breeches in the law come from people simply not understanding the parameters of the law.
What is intellectual property?
Before you can understand the legalitiesof intellectual property, you need to know what it is. Generally speaking,
anything completely unique that you have created can be classed as intellectual
property. This includes things like:
·
Your brand or logo
·
A new product or product design
·
Written work –on the internet
or hard copy
·
Photos or illustrations that
you have taken or made
·
Film or musical recordings
·
Computer programmes and
software
It is important to note that you can’t
protect the idea, only what has been done with it. For example, you may have
thought about the idea for the next generation smartphone, but this idea is not
protected. If you make a prototype of this phone, that is considered your
intellectual property.
What
intellectual property law is in place?
By taking action and registering something
legally as your intellectual property it will prevent people stealing or using
what you’ve created without asking permission. Once it has been protected you
will be able to start charging other people for using the work that you have
created. Depending on what it is that you have created, you can either
copyright, patent or trademark it and gain legal ground in any lawsuits you
wish to take against people using your work without permission.
What
happens when this law is broken?
Just because something is legally your
intellectual property, theft won’t automatically stop. Sadly there will still
be people who will continue to try and rip off your idea, products or brands.
But when this happens you are able to claim compensation as the patent owner. Any
infringements would have to pay out for damages, usually covering the cost of
lost sales and customers, royalty fees and lost future earnings as a result of
unauthorised used. Alternatively the claim could simply cover the profits made
from the infringement. It is possible to work out a deal without having to take
legal action, however if you cannot negotiate a solution you may need to take
legal action.
Legal
rights
If you fail to resolve any intellectual
property infringements then you will need to contact the Intellectual Property
Office (IPO) who can make final decisions on disputes. The last course of action
you can take is settling argument in court, where there is a maximum reward in
England and Wales of £500k for damages and £50k to cover any legal costs. This
cap on the legal fees can sometimes mean that you end up paying more than you
receive in compensation, which is why it is important to always use a
specialist legal adviser.
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