European Commission Releases "Blueprint" for Intellectual Property Rights to Boost Creativity and Innovation

On May 24, 2011, the European Commission presented its overall strategic vision for “boosting creativity and innovation” through a true Single Market for intellectual property (the “IPR Strategy”). The IPR Strategy reflects the growing importance of online activities and is intended to adapt existing intellectual property legislation to new business models. The IPR Strategy forms part of the Commission’s overall agenda to foster growth and sustainable job creation in Europe and to improve Europe’s global competitiveness.