Wednesday 6 February 2008

Financial firms must recognise the importance of IP

The topic of IP finance may be more mainstream than it at first appears. While flicking through CityAM this morning an article entitled 'UK financial firms must recognise power of patents', written by Robin Fry from Beachcroft caught my eye. It takes a different tack to the IP Finance meeting and calls on financial services to file for patents (and trademarks and to defend their copyright). Robin says 'It is depressing to note that UK financial services firms have not yet reached GCSE standard in terms of understanding why the protection of innovation in their product lines might be relevant to them, let alone what they might do about it.'
If financial services firms can be persuaded to become involved in protecting their own IP, perhaps they will better understand the issues surrounding UNCITRAL and will start to work with IP practitioners!

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