EU Legislation, Initiatives, etc.
UK IPO: The London Agreement, which has recently been approved by the French President, could save British business over £10m a year, Intellectual Property and Quality Minister Lord Triesman said, by halving the translation costs of a typical patent granted by the European Patent Office (EPO).
The simple step of cutting patent translations - translations which were rarely read - will save businesses more than £2,000 for a typical European patent application. The Agreement, which has now been approved by 12 European states, will not enter into force until the first day of the fourth month following French ratification. It is expected to enter into force in early 2008.