In a referendum held on 23rd June 2016, the UK voted to leave the European Union
The UK Government will now have to negotiate terms of exit from the EU with its European partners. This process is likely to be a long one. As yet, there is no certainty on how the process will play out. The best estimate is that the exit process will take at least two years, and probably significantly longer, during which time the UK will remain an EU member. Even so, you may be concerned as to what the situation will be for intellectual property rights in Europe when the UK does eventually exit.
As a European IP firm, we have already made preparations to continue to represent our clients in all European IP matters where we currently advise you. You will continue to receive the high levels of service and client care which you have come to expect.
We summarise briefly below the likely situation for some important aspects of IP. As you will note, in the main we recommend that you hold back from making any rushed decisions until the situation becomes clearer. However, if you have IP agreements with other parties, it would be advisable to start checking these agreements for issues that might arise from a UK exit.
We shall of course provide further updates as the situation develops. In the meantime, if you would like additional information, please get in touch with your usual contact at Carpmaels & Ransford.