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:
“It costs more to maintain ten vices than one virtue.”
—H.L. (Henry Lewis)
“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)
“To exercise power costs effort and demands courage. That is why so many fail to assert rights to which they are perfectly entitled—because a right is a kind of power but they are too lazy or too cowardly to exercise it. The virtues which cloak these faults are called patience and forbearance.”
—Friedrich Nietzsche (1844–1900)