The European Commission announced on Monday that it has decided to lower the fees payable to the Community agency responsible for granting EU-wide trademark rights, the OHIM (Office for the Harmonization in the Internal Market).
This measure will make intellectual property protection cheaper for businesses operating in the EU single market, saving them between €37 and €40 million a year.
Internal Market and Services Commissioner Charlie McCreevy announced that: “I welcome this reduction in fees. It’s great news for businesses, who will now be able to get EU-wide trademark protection at very attractive rates, especially if they do it online. It will also stimulate economic activity in this sector."
"OHIM is showing that, like the businesses it serves, it is keenly aware of the need to run its affairs efficiently and offer value for money.”
The reductions include:
The fee reductions will enter into force before 1 November 2005.
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