Patent Office welcomes budget boost to inventors and technology transfer deals.

0 Comments | M2 Presswire, March, 2000

M2 PRESSWIRE-27 March 2000-THE PATENT OFFICE: Patent Office welcomes budget boost to inventors and technology transfer deals (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:24032000 High-tech companies and inventors stand to benefit from budget changes aimed at boosting R&D and encouraging invention and innovation.

As from 28 March 2000, stamp duty will no longer be levied on documents effecting transactions of intellectual property. Patent Office spokesman Frank Miles welcomed the change as a further contribution to making the intellectual property system easier, lower-cost and more accessible to all companies and individuals. "In 1997 the patent examination fee was substantially halved, and this was followed in 1998 by a general reduction in Patent...