European IP Costs Fall

Proposals to reduce the cost of obtaining intellectual property (IP) protection in Europe will be welcomed by firms seeking protection for their IP across the whole of the European Community.

Under the proposals, the registration fee payable when a mark is granted (currently €850) will be abolished and although the application fee is being increased from €900 (€750 where the application is filed electronically) to €1,050 (€900 where the application is filed electronically), the net result is a considerable saving.

It is expected that the revised charges will be introduced shortly.

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