For manufacturers, Intellectual Property (IP) rights are often the lifeblood of their operations.
They encompass patents, trademarks, copyrights, and trade secrets, which protect designs, processes, and branding.
Manufacturers will usually invest significant time and resources into developing their IP, including branded products for disposal.
However, in so doing, they face a persistent threat, namely, baseless threats of IP infringement.
That involves unwarranted accusations of IP infringement, for example, infringement of someone else’s registered trademark.
While genuine IP challenges are necessary to protect rights holders, unjustified threats pose a risk to manufacturers.
The implications of unjustified threats are significant. They can stifle competition, sow seeds of doubt among investors, stockists, and retailers and hinder the launch of new products/brands, causing a loss of market share.
In the following sections, we will take a closer look at the Intellectual Property (Unjustified Threats) Act 2017 (the Act) and how it operates to protect manufacturers and the supply chain from groundless threats of IP infringement.