And how does the Crown owning half help things? That’s just another interested party with a lot of bureaucracy to get anything done.
Instead of that, there should be a process, something like this:
Interested party approaches judge with due diligence showing the property is unclaimed
Judge orders the IP agency to investigate, plaintiff pays some fee to cover that cost
IP agency does own research and informs judge that no owner could be found
Judge reviews evidence and orders the IP office to place a notice that the IP is unclaimed and will revert to public domain after a grace period
After 6 months or so, the plaintiff is granted a temporary license to use the IP (until the end of the grace period), and after the grace period finishes (say, 5 years?), the IP enters the public domain
Other types of property are less complicated because ownership is tracked by the government.
What you’re describing is basically what happens. Only between the claimant and the government.
Also worth noting that this only applies when a company closes (is removed from the company register) and any IP isn’t transferred out of the company. And in most cases it is full ownership.
So as far as the law is concerned there is no ownership of that IP. Copyrights, trademarks, patents, whatever it might be. But that doesn’t mean people don’t have a claim.
By moving it to a government entity that is specifically set up to deal with these claims.
It removes any ambiguity. The government can make a clear cut ruling on who owns the IP.
Because “The Crown” is just the government. And unlike a private citizen the government won’t use these IPs.
There are only two things the government can do with an IP in this situation, declare someone with a valid claim as the owner, or sell it to a buyer. Who in both cases have to come to the government.
If no claims or offers are made the IP will eventually enter the public domain.
And how does the Crown owning half help things? That’s just another interested party with a lot of bureaucracy to get anything done.
Instead of that, there should be a process, something like this:
Other types of property are less complicated because ownership is tracked by the government.
What you’re describing is basically what happens. Only between the claimant and the government.
Also worth noting that this only applies when a company closes (is removed from the company register) and any IP isn’t transferred out of the company. And in most cases it is full ownership.
So as far as the law is concerned there is no ownership of that IP. Copyrights, trademarks, patents, whatever it might be. But that doesn’t mean people don’t have a claim.
By moving it to a government entity that is specifically set up to deal with these claims.
It removes any ambiguity. The government can make a clear cut ruling on who owns the IP.
Because “The Crown” is just the government. And unlike a private citizen the government won’t use these IPs.
There are only two things the government can do with an IP in this situation, declare someone with a valid claim as the owner, or sell it to a buyer. Who in both cases have to come to the government.
If no claims or offers are made the IP will eventually enter the public domain.