Inventors boosted by cut in translation costs.

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M2 PRESSWIRE-31 January 2008-UK Government: Inventors boosted by cut in translation costs(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31012008

INVENTORS and businesses in the UK are set to save more than GBP10 million a year thanks to new patent legislation which does away with unnecessary translations.

The cost of translating an average European patent will be halved when the London Agreement on patent translations enters into force on 1 May 2008.

New Minister for Intellectual Property Baroness Morgan said:

"The French government has taken an historic step, which brings about changes first conceived in Paris in 1999. The London Agreement will greatly reduce the cost of patenting in Europe. Innovative UK companies will...