EU leaders agree on Unified Patent Court with UK section
EU leaders have reached agreement on a Unified Patent Court and a unitary patent system across 25 European countries.
The court will be based in Paris but will have a London section covering cases involving pharmaceutical and life science issues. There will also be a section in Munich covering engineering and resources.
Business Secretary Vince Cable said: “The deal means for the first time a single patent will be valid across 25 European countries. The reduced translation costs and simplified enforcement regime will help to support innovative companies and make an important contribution to growth across Europe.
“We have listened to our stakeholders, lobbied hard and secured some important decisions in the UK’s favour. The deal will see the Central Division of the Unified Patent Court located in London, Paris, and Munich.
“The key changes to the design of the system will safeguard against delays and uncertainty in settling patent disputes. This was a key concern raised by UK stakeholders.
“This agreement should provide a significant boost to UK and European innovative businesses at a time when new sources of economic growth are important.”
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