Abstract:

Intellectual property is an important tool that helps to improve the competitive position of firms in the market. Currently, small and medium-sized businesses do not have the motivation to protect intellectual property because they have enough experience in order to handle the entire process themselves. Representation of a patent agent is for them financially challenging. Firms should be aware that when you invest a lot of resources into research and development, and implementation of protection of this investment is a necessary phase that should be included in the innovation process. The government is trying to promote the protection of intellectual property in the Czech Republic; the current system of legal protection is in accordance with EU law and is signed by a lot of agreements related to this problem. This year approved a new form of patent single European patent, which should help motivate the SMEs to Intellectual Property Protection.