EPO: London Agreement – lower translation costs Veebruar 1, 2008
Posted by Mikk Putk in All Posts in English, Patendid, Patents.Tags: european patent, london agreement, patent costs
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London Agreement to enter into force on 1 May.
The London Agreement is due to come into force in a matter of months after France deposited the instrument of ratification with the German Ministry of Justice on 29 January.
The agreement, which will enter into force on 1 May – the first day of the fourth month following the deposit of the instrument – will make patenting in Europe cheaper by reducing post-grant translation costs.
The London Agreement was concluded to lower the translation costs faced by patent proprietors.
To protect an invention in seven states*, proprietors of a European patent will only need to provide two full translations and three translations of the claims at an estimated cost of EUR 3 600.
The current cost of producing the five full translations required is EUR 7 000.
The reduction in translation costs would thus be around 45%.* Standard” 22-page European patent [including four pages of claims] validated in seven states [France, Germany, Italy, Netherlands, Spain, Switzerland, United Kingdom], five of which are party to the London Agreement.
http://www.epo.org/about-us/publications/general-information/london-agreement.html
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