Cantor Colburn Client Alert: Brexit
The United Kingdom’s recent referendum vote to leave the European Union (EU), otherwise known as “Brexit,” has led to much speculation and uncertainty as to the implications and effects. This includes intellectual property law, since the UK has been an important part of the EU’s overall drive to harmonize trademark and patent protection systems for all EU members. However, it is important to stress that the existing IP relationships between the UK and the EU currently remain the same as they have been, and are likely to remain unchanged for at least the next two years.
In these circumstances, we are generally telling our clients who own intellectual property rights (IPRs) in the EU to proceed as they normally would, until the arrangements for the UK’s separation from the EU have been formalized. However, we do suggest that IPR owners or related parties in the EU begin a review of any IPR agreements that cover or include the EU and/or the UK, such as licensing agreements. We consider it worthwhile to anticipate where changes to an agreement’s provisions such as governing law or territorial scope, may be required.
Cantor Colburn will provide updates and guidance as the Brexit situation develops. Click Here to read in full the impact of Brexit on these key areas:
- registered community designs
- IPR enforcement
Please note that this Client Alert is for informational purposes only and is not legal advice.