The unitary patent is designed to lower the regulatory burdens affecting IP-intensive industries. It reduces unnecessary compliance costs associated with current regulations and promotes innovation, which is a driving force for economic success. Yet questions about how the UP system will adjust to an EU without the UK and allow a patent term adjustment period to ensure adequate protection in the market need to be resolved sufficiently before the new system begins.
It’s difficult to achieve innovation without the protection of ideas, and as a growing share of global economic value creation and exchange has become knowledge-based, intellectual property rights and protections have become an increasingly important facet of global trade. This category includes all GTIPA-member reports addressing trade and IP issues.
