It’s highly likely that Brexit will affect the value of many UK businesses’ Intellectual Property Rights (IPR) portfolios.
But in the Brexit era, JAG Shaw Baker’s Intellectual Property team put together ten insider tips for you to consider if you’re concerned about your IPR. You should always check with your lawyer to be sure your IPR are up-to-date with the most recent regulations.
The Ultimate Brexit Intellectual Property Tip List
Take a look at the extent to which your business relies on pan-EU IP rights. It’s important to consider EU rights such as EU trademarks and registered and unregistered community designs. Are these protected in the UK?
Make a list of key rights which your business relies on with your IPR Attorney. Specifically, highlight any rights without separate national protection.
Check IP terms and IP licences. Take a close look at territory provisions to address any potential gaps and amendments that may be required.
Take a look at the budget you might need to set aside to cover any additional legal for required changes.
Review current agreements and amend any agreements that require a change to definitions. This includes licences that define a territory as including the EU. Be sure that the EU scope is defined as including the United Kingdom.
Take a look at agreements that include EU member states. Definitions should state specifically whether they will continue to apply to countries that leave the EU after the agreement is entered into.
Flag any competition law provisions. These may be contingent on changes to the law.
If relevant, proprietors of rights that are re-registered in the UK should ensure that these are put to genuine use so that they do not become vulnerable to revocation.
Patent holders should take consideration of Brexit related updates affecting their inclusion in the Unitary Patent system. If granting or receiving a licence, there must be clear provisions indicating which parties have the right to enforce the patent under future regimes.
If an .eu domain name is being used and relied on, a back-up domain should be acquired as ownership of an .eu domain requires a corresponding business address within the EU. Upon Brexit, UK holders may lose their right to retain these domains.
Welcome to the JAG Shaw Baker blog. This is the place where we talk about clients, current news affecting the start-up community, trends in life sciences, digital technology and clean tech markets and even some opinions on legal matters affecting high-growth companies today. We welcome your comments!
If you would like any information on JAG Shaw Baker, please email our marketing department: email@example.com
Jennifer Kite-Powell, Content Editor
Kendell McGifford, Marketing Executive
Previous PostArtificial Intelligence, Robots And Techcrunch Disrupt
Next PostClient News: Doctify Raises Series A Funding Round
London / JAG Shaw Baker / Berners House / 47-48 Berners Street / London / W1T 3NF
Edinburgh / JAG Shaw Baker / 14-18 Hill Street / Edinburgh / EH2 3JZ
Cambridge / JAG Shaw Baker / Leda House / 20 Station Road / Cambridge / CB1 2JD
A cookie is a small file of letters and numbers that we store on your browser or computer, phone or tablet hard drive if you agree. more information
A cookie is a small file of letters and numbers that we store on your browser or computer, phone or tablet hard drive if you agree.
We use the following cookies:
• Strictly necessary cookies. These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to return to a previous page.
• Analytical/performance cookies. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily. The analytical/performance cookies are provided on our behalf by Google Inc. to aid with reporting of user behaviour, market research and improving website functionality. This user behaviour is analysed in order to improve this website. To see how this applies to Google Analytics, visit http://www.google.co.uk/intl/en/analytics/privacyoverview.html. You can stop tracking by Google Analytics by visiting https://tools.google.com/dlpage/gaoptout?hl=en-GB.
The strictly necessary session cookies are a temporary cookie which remains in the cookie file of your browser until you close the browser. The other cookies will remain in the cookie file of your browser after the closing of the browser, and will become active again when you reopen this website. The different cookies have different expiration dates. Following expiry of a cookie, a new version of that cookie will be downloaded when you next visit this website, unless you have withdrawn your consent in the meantime.
You can block cookies by activating the setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or parts of our website.