Effect Of 'Brexit' On Intellectual Property Rights

The UK electorate addressed the question of withdrawal from the European Union on June 23, 2016 in a referendum that was arranged by the Parliament, by the passage of the European Union Referendum Act, 2015. The Act provided for a consultative referendum in the United Kingdom and Gibraltar no later than December 30, 2017, and on February 20, 2016, Prime Minister David Cameron announced that the date for holding the referendum will be Thursday, June 23, 2016.

Brexit, a portmanteau of the words British and Exit, was a political goal that has been pursued by various political parties, and advocacy groups, since the time the UK joined the European Economic Community (ECC), a precursor of the European Union back in 1973. The result of the same referendum was 51.9 % in support of an exit and 48.1 % to remain with a total turnout of 72.2 % of the entire electorate. Provision for withdrawal from the European Union is a right of each member states under Article 50 of the