European Parliament, Brussels, Belgium
In December 2012, the European Parliament approved legislation for a new unified patent court system, and on Feb. 19, 24 EU member states signed an agreement to participate in the new structure. InsideCounsel’s April issue took a look at the new system, which may go into effect as soon as 2014 (though it’s likely to take a little longer).
For companies interested in protecting their IP in Europe, an understanding of the unitary patent system will be paramount. Never fear, though, we’ve broken it down for you here, answering all the questions you’re sure to have about the advantages, drawbacks and potential savings:
How is the unified patent court going to work?
What are the advantages of the new system?
There has to be a downside, right?
What effect will the new system have on the cost of filing for patents?