Apparently the Office of Harmonisation for the Internal Market, which oversees Community Registered Trade Marks and Registered Designs, has a surplus of €300m from application fees.
As a result there are plans to reduce the cost of a Community Trade Mark Application. On the face of it this seems like a good thing but if the application becomes cheaper, logically, more people will apply. However, with more applications, presumably, there will be more oppositions, registrations and potentially a dilution of marks. So I would question whether this reduction in fees will be beneficial?
We will see if, during the difficult economic climate, whether such a reduction ever comes to fruition....
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