EC Statement: Commission proposes unitary patent protection to boost research and innovation
( April 13, 2011, 10:33 GMT | Official Statement) -- MLex Summary: The European Commission has moved forward with the unitary patent protection system by offering two legislative proposals as part of the Single Market Act. The proposed regulations create a one-stop shop for patent protection, replacing the expensive and complex European patent system that currently exists. Spain and Italy are yet to join the enhanced cooperation.As part of the Single Market Act presented today (see IP/11/469), the European Commission has tabled today a package of two legislative proposals, under enhanced cooperation, that will radically reduce the cost of patents in Europe by up to 80%. This will allow any company or individual to protect their inventions through a single European patent which is valid in 25 Member States. The proposed regulations lay down the terms and conditions for obtaining unitary patent protection, its legal effects and the applicable translation arrangements. The draft regulations will now pass to the Council and the European Parliament for consideration. The Commission hopes Spain and Italy, who are not yet among the participants, will join the enhanced cooperation....
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