On March 19, 2018, the European Commission and the United Kingdom published a new version of the withdrawal agreement for BREXIT.
The agreement refers to a transition period ending on December 31, 2020 (Art. 121).
The sections in green are those for which there is a formal agreement.
Article 50 and following concern EU intellectual property rights (governed by EU Regulations and registered/granted interallia by the European Union IP Office – EUIPO). As a reminder, BREXIT will have no impact on European patents (granted by the European Patent Office – EPO).
EU IP rights registered or granted before the end of the transitional period will become respectively comparable UK IP rights in force, without re-examination (Art. 50 (1)).
The invalidation or revocation of the firsts will affect the seconds (Art. 50 (3)). The costs to foresee for the applicants would not have yet been subject to a formal agreement.
To be monitored closely…