The Hindu Business Line : India may benefit from proposed EU licensing norms

PROPOSED changes in European Union regulations that govern licensing agreements are likely to benefit Indian companies because they would bring down the cost of doing business by removing trade barriers within the Union.

The essence of the proposed changes is that trading rules within EU would become more uniform and benefits would flow from the same, said Dr Heinz Goddar, a patent attorney from the German firm, Boehmert & Boehmert, at a seminar on `Intellectual property assets'.

Other than uniformity, Dr Goddar identified the proposal to bring software into the net of licensing agreement as an important development for India.

The implication of the proposal would be that there would be a "safe harbour" for software licences, he added. The EU licensing proposals are to take effect by May 2004.

Overseas companies that had entered in to licence agreements under the old set of regulations would be given a one-year transition period to bring their agreement in line with the prevailing law.

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