Design rights champion ACID has launched ACID IP Insured, a scheme insuring its members against design theft.
The unique insurance solution has been developed and negotiated with the Sybaris Legal & IP team (formerly COBRA Legal & IP) to provide up to £100,000 legal expenses cover to enforce registered, unregistered and copyright designs through the Intellectual Property Enterprise Court (IPEC), as long as the designs are held on the ACID Design Databank, a system where members can lodge documents and images of their 2D or 3D designs, whether they are relying on unregistered design rights (UDR)/copyright or as an added safeguard for registered designs, underpinned by the strong ACID brand of deterrence.
ACID's CEO Dids Macdonald says: "Would-be infringers should be aware, this is a very easy-to-access scheme enabling ACID members to take legal action quickly. So often micro and SME businesses have been thwarted by the big boys because they couldn't afford to pursue litigation. Now the tide is turning."
Paul Wishart, MD of Sybaris Legal & IP, adds: "The ACID scheme is unique, there is no comparable IP insurance scheme on the market with such benefits and a powerful logo to support protection which, quite simply communicates 'I am a member of Anti Copying in Design with IP insurance, so copy me at your peril!'"