Cost Savings on the European Patent
For a long time, the road to a European Community patent appeared to be blocked. However, with ratification of the London Agreement by French President Nicolas Sarkozy, this initiative that is so important for the European economy has started to move again. As a result, patents will also be recognised in languages other than French. After ratification by the French Parliament, the London Agreement came into force as of 1 May 2008. This will lead to a significant relief of the economy in future. The reason is simply explained: the costs for translations into all EU languages, which were partially exorbitant in the past, will be reduced by the cut to just three required languages.
