An effective patent regime is a key driver of innovation. But the current system of patent registration, protection, translation and litigation in the European Union is expensive and tortuously complex. Although a European Patent Office exists, individual patents still have to be validated and enforced separately in each jurisdiction. And, according to the European Commission, an EU patent validated in only 13 member states can cost up to €18,000, €10,000 of which relates to translation fees. That’s about 10 times higher than the cost of a patent for all of the US.
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