A new type of royalty lined up by royal couple
With the news that Prince Harry and Meghan are stepping back from royal duties, it may be royalties that see them through in their new life.
Before announcing their desire to spend time out of the spotlight, the Harry and Meghan applied to register thebrand Sussex Royal as a global trademark.
The application was made in December to the World Intellectual Property Organization (WIPO), covering Australia, Canada, the EU and US in the name of their new foundation. It comes after applications to trademark the couple's brand in the UK were lodged last summer.
The applications covered a range of products such as magazines, greeting cards and clothing, as well as activities such as charitable fundraising and management, education and emotional support groups.
Taking such steps to protect a brand before unveiling a new product is a move that many small businesses could usefully learn from according to experts. Alongside, the possible challenge the couple may face in using the word royal' in their brand, following their change in circumstances which will see them dropping their HRH titles, could prove to be a lesson in what is allowed in such registrations.
Every business has Intellectual Property (IP) rights, whether in its trading name, the design of its products or the processes used in production. These can be the most valuable asset a company owns which is why it is important to protect such IP from exploitation by others, through trademarks, patents, copyright or design rights.
And while some IP can be registered quite swiftly, applications for patents may take several years to be processed, meaning early attention is important. Protection is then an ongoing process, demanding strong internal controls to ensure future developments are managed and protected, as well as to guard against the release of trade secrets.
Well-protected and registered IP will be recognised by banks and investors, as well as providing a route to making money by licensing or selling through others to generate license fees and royalties, as envisaged by the Duke and Duchess of Sussex.
Said Head of Commercial Solicitor Mark Poulton : "While the UK and the EU will recognise certain rights that are unregistered, these give limited protection. The strongest protection will be through registered rights, and every business will have IP which needs safeguarding."
For national protection, solely within the UK, trade marking, registered designs, patenting and copyright is administered by the Intellectual Property Office (IPO) and governed by the Intellectual Property Act 2014.
Currently the EU Trade Marks (EUTM) and Registered Community Designs (RCD) are valid in both the UK and the rest of the EU. Post Brexit, alongside any UK registrations, businesses seeking protection in Europe will be able to register applications to cover EU Member States, or to file through WIPO which will cover the UK, the EU and countries such as the USA or Japan, with 68 countries signed up to the Hague Agreement and 116 to the Madrid Protocol.
What protection is available for intellectual property?
Copyright, patents, designs and trademarks are all types of intellectual property protection and their use will depend on what is to be protected.
You get some types of protection automatically; others must be applied for. Automatic protection is provided for:
- copyright - covering writing and literary works, art, photography, films, TV, music, web content, sound recordings
- design right - the shapes of objects
Where protection must be applied for:
- trademarks - product names, logos, jingles
- registered designs - the appearance of a product including, shape, packaging, patterns, colours, decoration
- patents - covering inventions and products such as machinery, tools, medicines
Setting up a limited company and registering the incorporated business name does not give the same rights as registered IP, nor does a registered domain name. It is also important to understand who may own the IP - some will be owned automatically by the person who created them, such as a web or product designer, rather than those commissioning the service - so action may be needed to agree the transfer of such rights.
For guidance on how IP works and what IP you may need to protect, the UK Intellectual Property Office provides online training tools through its IP Equip service.