Insights into MIP International Patent Forum 2016
Park IP Translations recently sponsored and exhibited at the Annual Managing Intellectual Property (MIP) International Patent Forum, held March 9-10 at the Hotel Pullman in London. London-based Kris Jeffrey, Business Development Director at Park IP, shares his insights from the event.
The focus of this year’s MIP Conference was the unified patent and how this impacts on the industry, as well as key presentations on IP management in Africa, Russia, India and Turkey. Many delegates attended day two of the conference, which focused primarily on the pharmaceutical and medical industries.
The delegate list was a mix of attendees from large corporations and IP Law firms, many of whom already work with Park IP Translations. This provided an ideal opportunity for organizations in the IP sector to spend time with colleagues and discuss some of the key challenges faced when managing a global patent and IP portfolio. The MIP event was ideal for IP professionals who could drop by for part or all of the presentations and network with colleagues. It was certainly noticeable to see how colleagues are seeing the value and benefit of working with a global language service provider for legal translations and to strategically manage the localization of patents, EP validation and foreign filings.
IP translations and filings are often an afterthought in the patent prosecution process. The MIP Forum sessions relating to unified patents (also referenced as unitary patents), were interesting and very topical. Although the main drive is to centralize some international patent activity, the need to work with a globalization partner is even stronger as companies utilize patents in international markets to drive revenue and growth. Many delegates at the event have had bad experiences from rushed (and expensive) translations that could have negatively impacted and jeopardized the overall patent process.
The unified patent is being introduced for the benefit of streamlined validation, with no multiple translation costs to consider across the various EP States, once the transitional period (of up to 12 years) has expired. Only in case of dispute, at the request of a court or an alleged “infringer,” will the patent proprietor have to provide a full human translation into the relevant language. The unified patent has been under discussion for almost 40 years and with a majority of the EP States now signed up, this is a route which may well appeal to many patent filers, particularly those from the non-pharma and bio industries.
It is understood that there will be big decision split on which patent filers go down the the unitary (unified) patent route, or retain the existing process of filing individually into each EP state. Park IP can provide consultative guidance on best protection and ensure high quality translation and validation for all future EP filings.
Did you attend the International Patent Forum? I’d love to hear your thoughts on the event.
Kris Jeffrey, Park IP Translations Business Development in Europe
Photo: Tim Moorcroft, Kris Jeffrey and Mezy Gill from Park IP Translations at the MIP event.