On June 23, a majority of voters in the United Kingdom elected to have their country leave the European Union, a scenario commonly referred to as “Brexit.” A U.K. departure from the EU will impact a great many areas of the law, including intellectual property rights. Many IP rights, however, will not be impacted, and there is no need for alarm—at least not yet.
While the result of the U.K. vote was incredibly important, the official separation process will not begin until the U.K. invokes Article 50 of the Lisbon Treaty. The U.K.’s new prime minister, Theresa May, appears to be in no rush to start the process and has indicated that it will not begin before the end of this year.
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