The UK government accepted yesterday (3 August 2011) a new plan to support economic growth by modernising UK intellectual property laws.The government announced that they will create a central digital exchange to buy and sell copyright licenses as part of a modernization of copyright laws, which partly date from 300 years ago. More details can be found here.
Ministers have accepted the recommendations made by Professor Ian Hargreaves in his report ‘Digital Opportunity: A review of intellectual property and growth’, which estimates a potential benefit to the UK economy of up to £7.9 billion.
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