Approval has been given by the European Parliament to the proposed changes of EU trade mark law.
The changes specifically relate to the creation of a new Trade Mark Directive as well as an update of the Community Trade Mark Regulation.
The key objectives of these changes is to modernise the law consistently across Europe which will undoubtedly increase legal certainty. In addition, the new directive will reflect landmark decisions made by the Court of Justice for the European Union. Overall, this will create a united front to allow the law to be transparent to those affected. Practise will be aligned to create a universal approach.
Speaking on the new developments in relation to this, the UK minister for Intellectual Property, Baroness Neville Rolfe welcomed the changes as it will have a positive impact on a practical basis, making the process cheaper and clearer.
The Baroness stated “Every business has a trade mark. It is important that businesses understand the need to register their marks to get the best protection for their brand and reputation. A reformed European trade mark system will deliver real benefits for trade mark users and the UK has been a key partner throughout negotiations.”
More development including its implementation is expected in 2016.