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Businesses see good patent protection as vital to achieving high levels of innovation (Photo: Institute for Transuranium Elements)

EU takes big step towards common patent system

The European Union took a big step towards creating a single Europe-wide patent system on Friday (4 December), a move that is expected to save businesses many millions in annual costs.

As part of the deal, industry ministers meeting in Brussels reached a political agreement on the setting up of a single EU-patent to replace the multitude of national patents that innovators are currently forced to acquire to protect their products.

The ministers also reached a deal on the establi...

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Businesses see good patent protection as vital to achieving high levels of innovation (Photo: Institute for Transuranium Elements)

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