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Understanding the Proposed New European Community Patent
Most inventors new to the patent system express a desire for an international patent ' a monopoly good across the whole world from a single application. While it is unlikely that their desire will ever be satisfied, the prospect of being able to offer a patent throughout Europe in the form of a Community Patent may soon become reality. Such a Community Patent would be effective across all of the soon to be 25 member states of the European Union (EU).
On March 3, 2003, the Council of the European Union (EU Council) reached agreement on certain stumbling blocks, most notably, the structure of courts to try infringement and validity, and the languages to be used. The proposed Community Patent would be governed by a Regulation that is directly applicable in all member states. The Regulation will piggy back on the 1973 Munich Convention, which created the European Patent Organisation, for its substantive patent law. Applicants will apply through the European Patent Office (EPO) as they do today but may designate the European Union as one territory for the application. The EPO will examine the application in any of its existing three languages: English, French and German. Upon grant, the patentee will have to translate only the claims into each and every language used in the EU. Thus, although the Community Patent is purported to reduce the cost of acquiring and enforcing patents in Europe, conceivably the translation of the claims into each of the languages of the EU could become a significant expense. However, it is likely that the timeline for submitting the translations may be as long as two years after the official grant date.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?