Unified European Patent A Step Closer, But Unified Court Has A Ways Ro Go
This article was originally published in The Pink Sheet Daily
Half of European nations are forging ahead with plans for a unified European patent, but progress towards a European court is slower.
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Europe is on the brink of creating a unified patent court and unitary patent, which will cut litigation and application costs, while giving a boost to legal predictability.
The EU Council of Ministers has finally settled on three locations for the Unified Patent Court, which will cut costs and litigation time for pharmaceutical companies.
The European Union's Court of Justice rejected proposals for a unified patent court, jeopardizing the prospect of a simplified Europe-wide patent system.