The new law will force companies to provide more information to potential buyers before they can bid on the copyright or patent.
It’s an “important step towards protecting IP”, said Andrew Cupp, chief executive of the Copyright Council.
“The new law is an important milestone in the evolution of copyright law.”
We’re looking forward to working with the Government to deliver the best possible protection for the UK’s digital economy and consumers.
“The government said the new law would protect copyright holders against threats of legal action from copyright holders that they might be forced to sell the rights to their intellectual property.
It said it would require the Copyright Office to provide “an independent and detailed analysis” of each application to ensure there was no risk of legal proceedings being brought against the company, or that it would be unable to defend itself if it were sued.”
Companies should have no reason to doubt the quality and integrity of the application submitted,” the government said.
However, there are no doubt many issues to be resolved.””
There are no guarantees that any proposed law will achieve all of its objectives,” it said in a statement.
“However, there are no doubt many issues to be resolved.”
The new legislation comes after the EU’s copyright directive was amended last month to give more powers to copyright holders.
It was signed into law on Thursday by the Prime Minister, David Cameron, and includes provisions that allow copyright holders to request a court to overturn a court ruling, allowing the courts to overturn decisions made by the Copyright Commissioner.
It means that companies with a European headquarters may have more power to seek compensation from copyright owners who have taken legal action against them.
The changes were opposed by the British film industry and copyright holders, who said they were being used to push for new copyright laws and that the new measures were a step backwards.