Scope of the Review
The Review will examine all elements of the IP system, to ensure that it delivers incentives while minimising inefficiency. Specifically:
- The way in which Government administers the awarding of IP and provides support to consumers and business. The award and observance of IP should be predictable, and transparent, with minimal information costs and transaction costs for firms and citizens.
- The way in which businesses and other organisations use IP. The structure of the IP framework should reflect the impact of economic and technological change on the nature of intellectual assets and their importance to businesses across different sectors.
- How well businesses, other organisations and individuals are able to exchange and trade IP — in particular negotiating the complexity and expense of the copyright and patent systems, including copyright and patent licensing arrangements. Exchange of IP should be facilitated by accurate valuation, with no barriers in access to finance, and liquid markets.
- How well businesses and others are able to challenge and enforce IP. Litigation and enforcement should be swift, efficient and judicious with the optimal mix of technical and legal measures. Businesses should be aware of the range of alternative methods to challenge and enforce IP such as mediation and alternative dispute resolution. These methods should be relatively inexpensive, swift, efficient and transparent.