UPC reason five: Great for SMEs…
28 March 2017
SMEs can greatly benefit from the Unitary Patent (UP) and the UPC. Not only does the UP provide substantial savings on renewal fees across the entire (eventual) 25 UP territories but the UPC also offers several other benefits to SMEs.
Firstly, the UPC offers a centralised approach for European IP disputes (substantially cheaper than multiple national actions). Secondly, small and micro-entities are entitled to a 40% reduction in court fees. The ability of patentees to conduct a single infringement action across many jurisdictions provides excellent leverage when negotiating settlements to disputes.
In this series, we give our top 10 reasons to welcome the Unitary Patent system and explore why the system is a great thing for innovative UK businesses. Watch this space for more reasons posted weekly.