Posted by Tony Millson, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Intellectual property violations are a growing headache for SMEs
New research from the Federation of Small Businesses (FSB) suggests small companies are struggling to protect their intellectual property.
A quarter of the businesses surveyed by the FSB have suffered as a result of copyright violation or other wrongdoing during the last five years.
With almost one in three small businesses who own some form of intellectual property rights reliant on it for 75 to 100 per cent of their revenue, infringements can be incredibly damaging.
Now the FSB has called for more to be done to advise firms of their rights.
John Allan, national chairman of the Federation of Small Businesses, said: “Proper protection of intellectual property is a mainstream issue which deserves a mainstream focus.
“Left unchecked, theft and infringement of ideas, patents and brand costs small businesses and diminishes their appetite to invest in their business, ultimately hampering the UK’s long-term economic growth.”
The most common forms of intellectual property violations reported are copying of a product (50 per cent), use of copyrighted work on a website (34 per cent), use of copyrighted work in a service or product for sale (33 per cent) and use of a trademark (31 per cent).