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Tuesday, 30 June 2020

It may soon be a bit less expensive for The Youts to file for a patent

LEGISLATION WATCH- It may soon be a bit less expensive for The Youts to file for a patent after the House Education and Scientific Research Committee approved amendments to the Intellectual Property Act, according to Al Masry Al Youm. The bill would, if passed by the House general assembly, reduce patent licensing fees for applicants below the age of 21 to EGP 100, from the regular rate of EGP 1k. Students and persons with disabilities will see the fee waived altogether under the new bill. Cabinet approved the amendment earlier this month.

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