IP laws to come under review

Businesses in the UK could be set to benefit from new updated intellectual property laws.

The government has announced plans for a six-month review which is expected to adapt existing laws for the "internet age".

Baroness Wilcox, the intellectual property minister, this week told web entrepreneurs: "The future of the economy lies in the highly skilled, technology sectors.

"For many of those companies their intellectual property is their most valuable asset.

"We must ensure the intellectual property system helps not hinders those companies."

Some of the areas that the review panel will look into include the cost of enforcing intellectual property rights, the impact of existing laws on internet business models and how much red tape is faced by small to medium-sized enterprises.

In addition, a fair use system, similar to that in the US, might be introduced to the UK.

According to the government, the new system will result in "fewer disputes and legal challenges" and provide more certainty for businesses.

Published on: November 5, 2010

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