Morgan Motor Company originally thought their most important asset was their range of hand built sports cars, after working Wynne-Jones, they realised their most important asset was their brand.
The Morgan Motor Company are arguably one the most striking sports car manufacturers around, with celebrity fans such as Jay Leno and James May to car enthusiasts the world over.
For Morgan, partnering with Wynne-Jones presented an opportunity to not only tap into the wealth of historic IP, but also to protect future interests, such as a planned entry into the electric car market.
Wynne-Jones delivered an in-depth audit through regular meetings to ensure that Morgan's interests were always properly represented, and the senior leadership team at Morgan were thrilled with the results.
You can watch a short video case study here:
Morgan is an excellent example of how vigilant IP management is crucial, especially during times of uncertainty such as the current UK-wide lockdown. As part of a solid risk management plan you need to identify your IP assets and assess whether they are business critical. Being business critical means that the IP assets are essential to the delivery of your business goals once the COVID-19 crisis is over, and perhaps even during the crisis.
In-depth audits like the work provided for Morgan are the best way to identify, mitigate and maximise these areas in your IP portfolio - allowing you to move forward with assured certainty in uncertain times.
After a patent application has been filed, the inventor may be required to sign and submit various forms. What happens if this is several years into the patent process, and the inventor can no longer be reached to sign these forms? And what can you do now to prevent any complications from arising?
UKIPO ending temporary fee changes on 31 March 2021
The UK Intellectual Property Office (UK IPO) temporarily reduced or removed certain official fees associated with patents, trade marks and registered designs because of the disruption caused by the Coronavirus pandemic. However, the temporary fee changes are set to end on 31 March 2021.
If you own any intellectual property (IP) rights, are you concerned about your exposure to litigation, and how you will finance any legal action? One way to address this concern is by means of an insurance policy.
Does owning IP rights improve economic performance?
A recent study performed by the European Patent Office (EPO) and the European Union Intellectual Property Office (EUIPO) has shown that companies which own at least one patent, trade mark or registered design generate on average 20% higher revenues per employee and pay their staff on average 19% higher wages compared to companies that do not own any of these intellectual property (IP) rights.
The cost of securing IP can be heavily front loaded. Examples of such costs include patent drafting, pre-filing searches, filing fees, etc. These costs become “sunk” costs in that they cannot be recovered. Because IP protection can be a relatively long process, at any time during the process there are likely to be significant “prospective” costs: future costs that may be wholly or partially avoided depending on actions taken.
Have you recently validated your European patent in Turkey? Did you know that in addition to paying annual renewal fees, Turkish law also requires you to submit a public declaration stating whether you have actively worked your invention in Turkey?
Managing your business-critical IP during the COVID-19 crisis
UK businesses are fighting for survival during the continuing COVID-19 outbreak and trying to trade under difficult conditions, the likes of which haven’t been seen in the living memory of most business people. If you’re afraid that your business is going to the wall, it probably isn’t the top of your mind to pay for a patent application for your new technology or a registration of the trade mark for your brand new clothing range, right? Where is the money coming from to invest in such luxuries as IP, we hear you say, when staff are being furloughed and orders have been postponed?
Videoconferencing: the future of oral proceedings at the EPO?
The European Patent Office has announced that videoconferencing will become the norm for oral proceedings before examination and opposition divisions until at least 15 September 2021. But is this a taste of what the future holds for oral proceedings at the EPO?
Due to the coronavirus outbreak and recent health advice, the WJ team are working from home. It’s business as usual however some services may be slightly slower than normal so please bear with us during this time. As our offices are currently closed we will not be able to access postal mail so please send correspondence and documents by email on email@example.com. Our telephones have been diverted so the WJ team are still contactable by phone on 01242 267 600.