The long-awaited London Agreement on the application of Article 65 of the European Patent Convention (EPC) entered into force on Thursday, meaning that the cost of translating an average European patent has been greatly reduced.
The London Agreement will reduce the cost of patenting through the European Patent Office (EPO) by reducing the translation requirements for European patents.
The Agreement has been ratified in fourteen states (Croatia, Denmark, France, Germany, Iceland, Latvia, Liechtenstein, Luxembourg, Monaco, Netherlands, Slovenia, Sweden, Switzerland and the United Kingdom) and came into force in all of these countries on 1st May, 2008.
Commenting earlier this year, the UK Intellectual Property Office (UK-IPO) predicted that inventors and businesses in the UK are set to save more than GBP10 million a year as a result of the agreement.
The change is expected to benefit small and medium-sized enterprises in particular.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment