Reputational risks
If civil or criminal action is taken against the business or its staff there is the risk of adverse publicity with the consequent effect on business relationships and employee relations.
- business to business transactions being reduced;
- reduced investment into the business;
- difficulty in attracting/recruiting the right employees.
Practical advice, guidance and tools are available to deal with Intellectual Property (IP) rights infringement including specific advice for Human Resources (HR), procurement and Information Technology (IT). It is important to consult your legal advisers for advice and assistance in establishing suitable policies and guidance for staff.