The Government’s Trade Secrets Protection and Patent Act came into effect on the first of October 2020. This was intended to protect the intellectual property of small businesses, for example, those that deal with technology. But it is not only an Internet business that is affected by this Act.
Unfortunately, very few are aware of what can be done to protect their small business from being victimized by dishonest or unscrupulous suppliers. For example, a supplier will often try to get you to buy more product than they really want to sell – or sell less product than they actually need. They then attempt to sell you the excess to make up for lost profits.
Therefore, it is vitally important to take action against these unscrupulous suppliers, but what can a small business do about this? And how long does the law still have to protect my company from this problem?
One way of dealing with this problem is to obtain legal advice. However, most companies do not have the time or resources to devote to representing themselves in court.
As a result, we have devised an innovative solution that aims to help protect the interests of small businesses in the UK. This system involves the help of an independent intermediary who will act as your advocate when necessary.
Our system has an important role to play because it concentrates all of the protected activity into one entity. This entity acts as your advocate in court if your company gets into trouble with dishonest suppliers.
This is, of course, a simplified explanation of what our system is all about, but it will give you a taste of the way it operates. When you provide your support, it acts as your advocate, you are able to retain full access to all the information regarding any disputes, which it holds and which has been provided to us on behalf of your small business.
It is extremely important that all information held by your small business is confidential. Our system employs sophisticated security measures, which ensure that your information remains confidential.
In addition, it is important that we continue to safeguard suppliers against fraudulent activities. Any information obtained by the intermediary is protected by the law.
The information it holds will be used in order to protect you, your small business, and other business owners. We make sure that it is kept strictly confidential and that the people involved cannot be identified or contacted by the suppliers.
The protection afforded by this system should serve your small business and its suppliers in the long term. For example, it can act as a deterrent to dishonest conduct by suppliers.
Your small business can rest assured that it will be protected from all harm and can focus on the things that matter most to it. Simply put, your business will no longer have to suffer the evil designs of dishonest suppliers.