Intellectual Property Act 2014

Publisher: House of Commons
Category: UK Legislation
Subject: Intellectual Property
Inactive: No
Description: The Intellectual Property Act 2014 modernises intellectual property (IP) law. The main aim of the act is to help UK businesses better protect their IP rights in the UK and abroad. . The Act also implements the reforms to the design IP framework which flow from The Hargreaves review of Intellectual Property and Growth in 2011.

The Intellectual Property Bill was considered by Parliament between May 2013 and April 2014. It received Royal Assent on 14 May 2014 and became the Intellectual Property Act 2014.

The main benefits of the Act are to: save UK businesses up to £40 million per annum in language translation costs when applying for Europe-wide patent (£20,000 per patent) simplify and strengthen design protection for the UK’s hugely important design sector make the IP system clearer and more accessible to small and medium-sized businesses ensure the UK IP system is operating efficiently.

The provisions in the Act will start to come into force from 1 October 2014.

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