All businesses own or use intellectual property (IP) that needs to be protected. This includes your business name, logo, images, promotional material and even your website.
There have been changes to UK intellectual property law to ensure the smooth departure from EU IP systems.
What's the buzz about IP?
IP can include your business name, logo, website, technical innovation, software, images and the look of your products to name a few. These important assets, which often go unrecognised, can play an important role in the sustainability and growth of your business both domestically and internationally, and all businesses to protect their IP.
You need to be up to speed on the changes to UK IP law. Changes affect:
Why do I need to protect my IP?
IP protects your genuine business assets that are integral to the core services of your business and long-term viability.
In our digital age, you have no doubt benefitted from the internet, where products, services and marketing communications can reach vast audiences at relatively low costs - but this has also increased the chances of intellectual property theft. You're at risk of having your unique ideas, products or services infringed upon, which makes IP protection more important than ever.
No one else will check to see if your intellectual property has been infringed; it’s your responsibility to ensure that no one else is using your assets.
How can the Growth Hub help me with IP?
We'll walk you through IP and encourage you to:
- Consider carefully where to disclose your designs to ensure they have adequate protection in their most important market;
- If you export IP-protected goods on the secondary or parallel market, contact the rights holder in the EEA to see if you have permission to continue to parallel export.
- Consider if you want exports to continue if you are a business that owns the IP rights for goods currently parallel exported from the UK to the EEA.