Costs
Translation requirements as well as the requirement to pay yearly patent fees in all countries in which a European patent is designated, presently renders the European patent system costly in the European Union. In an impact assessment the European Commission estimated that the costs of obtaining a patent in all 27 EU countries would drop from over 32 000 euro (mainly due to translation costs) to 6 500 euro (for the combination of an EU, Spanish and Italian patent) due to introduction of the EU patent. Per capita costs of an EU patent were estimated at just 6 euro/million in the participating 25 countries (and 12 euro/million in the 27 EU countries for protection with an EU, Italian and Spanish patent).
Read more about this topic: European Union Patent
Famous quotes containing the word costs:
“That which costs little is less valued.”
—Miguel De Cervantes (1547–1616)
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isn’t. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)
“It is commonly said by farmers, that a good pear or apple costs no more time or pains to rear, than a poor one; so I would have no work of art, no speech, or action, or thought, or friend, but the best.”
—Ralph Waldo Emerson (1803–1882)