In addition to national banking, angel and VC networks there are several strong local financial institutions. These include the Entrust business angel network and 4 local community development finance institutions, namely Five Lamps, Northern Pinetree Trust, PNE Group and Street North East.
26 October 2010
Resources for Inventors in North East England
In addition to national banking, angel and VC networks there are several strong local financial institutions. These include the Entrust business angel network and 4 local community development finance institutions, namely Five Lamps, Northern Pinetree Trust, PNE Group and Street North East.
23 October 2010
IP Insurance Five Years On
Exasperated by the absence of British companies among the top 10 companies that had been granted UK patents between 2004 and 2005 I wrote in September 2005 the article “Why are there no British Names in the Patent Office's Top Ten?” The reason then as now was that the cost of obtaining and enforcing a patent in the UK was beyond the means of most small and medium enterprises. In the article I discussed the ways in which intellectual property infringement litigation could be funded and came to the conclusion that before the event insurance was probably the best option. The very next day I wrote the article “IP Insurance: Does it Work?” and mentioned one instance where it seemed to do so. The next day in this blog I wrote an article especially on “IP Insurance”.
Since 2005 the following developments have taken place:
· S.74A and s.74B of the Patents Act 1977 (providing for advisory opinions by the Intellectual Property Office on patent infringement and validity) have come into force;
· Sir Rupert Jackson has reviewed and reported on Civil Litigation Costs; and
· the Civil Procedure Rules and Practice Directions have been amended to limit costs in Patents County Court actions at £50,000 on liability and £25,000 on quantum which theoretically makes litigation in the Patents County Court only marginally more expensive than in Germany.
The cheapest intellectual property insurance service that I could find in 2005, Intellectual Property Insurance Consultants, is no longer with us but its prime mover Ian Macleod seems to be working now for Alfa Insurance Facilities. Ian Lewis who made Miller into what appeared to be the market leader in this sector in 2005 has founded Samian Underwriting Agency. David Freer, who used to be with HSBC Insurance Consultants, is now a director of Marsh. However, I have also found several new entrants to the market.
Below are the intellectual property insurance services that I have been able to identify. If anyone knows of any broker, underwriter or other intellectual property insurance service provider that I should add to this list, please let me know.
| Service Provider | Contact |
| 0870 600 1480 | |
| Ian Macleod 01903 23 22 86 | |
| 020 8315 5066 | |
| 020 7923 4655 | |
| David Freer 07770 740237 | |
| Mark Philimore 0113 366 2369 | |
| 020 7031 2819 | |
| 01323 648000 | |
| Ian Lewis 020 7954 4430 | |
| 01483 577877 |
21 October 2010
Local Enterprise Partnerships begin to take Shape
- a green paper on a £1 billion regional growth fund announced by the Cabinet in Bradford "to encourage private sector enterprise, including social enterprise, and capacity, and in doing so create opportunities for people and places to adjust to reductions in public spending"; and
- "Financing a Private Sector Recovery" (Cm 7923) a consultation on access to funding in the private sector.
These will be replaced by a state funded online service - presumably the existing Business Link website possibly under the "Solutions for Business" brand - and greater use of existing service providers such as chambers of commerce and local authorities. The proposal for a new business information service to be provided by thee British Library, NESTA, Newcastle City Council and Northumbria University is probably something like the model Mr. Prisk had in mind (see "Mark Prisk announces new business advisory service" on the Real Business website).“We’re going to wind down the Regional Development Agencies, and as part of those, we’ll be winding down the regional Business Link contracts.”
21 August 2010
Enforce a Confidentiality Agreement for as Little as £475
Most inventors learn from the Intellectual Property Office (“IPO”), librarians, Business Link advisors, patent attorneys and each other that they should disclose their inventions only in confidence. They know that they should ask business partners, investors and others to sign instruments like the IPO’s “Confidential Disclosure Agreement”.
But what happens if a person who has signed one of those agreements breaks his or her promises by making the invention or disclosing it to a third party? Theoretically the inventor can claim an injunction, damages or other relief for breach of confidence. If he or she acts quickly enough, the inventor can apply to the court for an injunction to restrain the breach until trial. But an application of that kind can cost thousands of pounds. There are not very many individuals or indeed businesses with that kind of money.
Before the Access to Justice Act 1999 legal aid was available for that kind of action. Unfortunately para.1 (h) of Sched. 2 of that Act now excludes business disputes from legal aid. Many unscrupulous opportunists are aware that civil litigation is not an option for their victims if they disregard their obligations.
However, civil litigation is not the only means of enforcement. Parties to an agreement can agree to refer any dispute or difference arising from their agreement to a tribunal of their choice known as an “arbitrator” who will determine the dispute in accordance with the law and evidence in much the same way as a judge would though in private and at a time and place of the parties’ choosing. That is a process known as “arbitration”. It is one of several alternatives to the courts that are bundled together under the label “alternative dispute resolution” or ADR.
There are many types of dispute for which arbitration is more appropriate than litigation. If a case turns on a technical issue as happens frequently in civil engineering, the issue is more likely to be understood by an arbitrator who has spent his lifetime in that profession than by a judge who has spent his in the criminal or divorce courts. If the parties are from different countries and neither is comfortable with the legal system of the other they can refer their dispute to a neutral that they both trust. Yet another type of case appropriate for arbitration are disputes between trade mark owners and proprietors of domain names that are the same or similar to the mark as to who should own the domain name. The parties to such disputes need a process that is fast and fair but also inexpensive. Procedures like the Uniform Domain Name Dispute Resolution Policy (“UDRP”) deliver a binding decision within a few weeks of the complaint for as little as US$1,500.
There is no reason why a process like the UDRP should not be used to resolve other types of intellectual property dispute such as those that subsist between inventors and their collaborators, investors, licensees and other third parties. NIPC Ltd has established such a process called NIPC Arbitration. This is “a low cost dispute resolution service for intellectual property, technology, media and entertainment cases” inspired by the UDRP and similar schemes. NIPC Arbitration can deliver an order to refrain from breaching a promise not to use or disclose confidential information within a few days of the reference for as little as £475 (£250 to the arbitrator for a telephone hearing lasting less than an hour plus £100 to the company for registration, another £25 for appointing the arbitrator and £100 for arranging the hearing). Rule 5 of the scheme’s Arbitration Rules confers on the arbitrator all the powers of the court including the power to grant interim injunctions. The risk to the inventor is limited by rule 11 (4) which limits costs to those that would be awarded by a hearing officer in an Intellectual Property Office tribunal which very rarely exceed £3,000 and are usually much lower. An award by an arbitrator is as good as a judgment for most purposes and can be backed up if necessary by the courts.
NIPC Arbitration is by no means the only arbitration scheme but it is the only one that is tailored to IP disputes involving individual inventors, start-ups and other small businesses. Key to the scheme is an arbitration clause which refers disputes to an NIPC arbitrator under the NIPC Arbitration Rules. Examples of such clauses are to be found on the Arbitration Agreement Page of the NIPC website.
For more information fill in the on-line contact form or visit www.nipcarb.co.uk .
Keeping the sharks at bay
23 July 2010
Leeds Inventors’ Club: 21 July 2010
On Wednesday I gave a talk to Leeds Inventors’ Club entitled “Keeping the Sharks at Bay: Resolving Disputes between Co-Inventors, Licensees, Investors and Third Parties”. In it I took four typical case histories which had given rise to difficulties for individual inventors and suggested some remedies. In other words, turning shark into delicious shark’s fin soup. I have amended the slides to take account of the site’s format and posted them toSlideshare.
01 June 2009
NIPC Clinics go nationwide
08 May 2009
Rocky Mountains Inventors' Association
"The mission of The Rocky Mountain Inventors Association (RMIA) is to promote successful product commercialization and protection by offering information, education, and guidance including business contacts and networking opportunities."
26 March 2009
Investing wisely in IP - my 6-Point Plan for any Business
A patent, copyright, trade mark, registered design or other IP right is nothing more than a right to bring a law suit. Its purpose is to protect the income generated by an intellectual asset, that is to say, a brand, design, technology or creative work. Such protection does not come cheap. According to research commissioned by the EPO, it costs €32,000 to obtain a typical European patent and maintain it for 10 years. That is an awful lot of money to spend considering that most patents are never worked. Enforcement is even more expensive. IPAC (HM government’s high level advisory committee on intellectual property) estimates that a patent infringement action costs £1 million in the High Court. That explains why I have seen far more businesses fail from having too much IP than from having too little in my 32 years at the English bar.
Yet there are circumstances in which a business needs to protect its investment in branding, design, technology or creative works. How does a businessman or woman recognize such circumstances and how does he or she choose the optimum legal protection. Here is a simple 6-point plan that can apply to just about any business.
1. Choose a period in which you expect your business to develop. This can be any period of your choosing which will probably depend on the nature of your business and products and services. For a company in the fashion or novelties business this could be a matter of months or even weeks. For a pharmaceutical company it could be decades.
2. Identify the main income streams that you expect to develop in that period. IP is intended to protect income streams, If your invention is never going to earn money whether directly or indirectkly through sale or licensing why waste thousands of pounds on patenting it? Similarly, if you have no sales in country X and are never likely to have any why seek intellectual property proteciton there? You may want tpo protect yourself in country X it it has a sufficient industrial base to allow a competitor to set up there but, if not, why bother?
3. Consider potential threats to each of those income streams. Competition from competing products or services may be one but there may be others such as changing patterns of demand or the general economic situation.
4. List possible counter-measures to those threats. Most of these will be commercial rather than legal such as cutting your prices or developing new products or services but for some threats such as plagiarism you may actually need some legal protection such as a patent or design registration.
5. If any of those counter-measurers is an IP right, choose the most appropriate one for your business. There is usually a choice. For instance, one way of protecting a new product or process is simply to keep it under wraps and seek to rely on the law of confidence to prevent unauthorized use or disclosure. The other is to proclaim it to the world in exchange for a temporary monopoly of the manufacture, sale and use of the product or use of the process (otherwise known as a “patent”). Where the technology has only a short shelf-life, a 20-year monopoly is otiose. On the other hand, if you are a drug company which has invested millions in R & D in a new product and waited years for approval from drug licensing authorities you need patent protection in every country of the world of you are to see an adequate return on your investment.
6. Ensure that there is adequate funding for enforcement proceedings. Unless you can afford hundreds of thousands of pounds on litigation and can risk at least as much again if you lose your case with equanimity you should think of IP insurance. Though these articles need to be updated you can start with two articles that I wrote in September 2005: “IP Insurance. Does it Work” (IP/IT Update) and “IP Insurance” (NIPC Inventors Club).
These and other tips are all set out in my presentation to Leeds Inventors Club “So you think you want a Patent?” which I gave on 18 April 2008. I also discuss them in my book “Enforcing Intellectual property Rights” which appeared earlier this month.
02 March 2009
Sheffield Inventors Club, 2 March 2009, 18:00
17 February 2009
IP Strategy: IP Asset Maximizer Blog

- A Consumer Product Company's Costly Patent Lesson: It's Not Enough to Protect the Invention, the Innovation Must Also be Patented
- Chief IP Counsel: Stop Trying to Change How Your Lawyers Bill You and Focus on the Model They Use to Provide Your Legal Services
- What is an IP Strategist? A Lawyer Who is Not Afraid to Say No.
15 January 2009
The Downturn may be the Best Time to commercialize your Invention
"Budding entrepreneurs should take advantage of the current economic downturn and take the plunge, a self-made millionaire from West Yorkshire is urging."
"You can negotiate a good deal on renting a shop or unit, hiring staff, advertising or even buying cheaper raw materialsNow is the time to start up with minimal costs, but you need to have that idea or you're wasting your time."
"in all this doom and gloom there are opportunities for the brave one, lets hope we see success stories emerging from this sad period."