Amendments to Industrial Property Law No. 35
Panama incorporated on October 5, 2012, some amendments to their IP Law, according to requirements since adoption of Patent Cooperation Treaty (PCT).
The following are to be highlighted:
- Third parties may file observations against patentability of a patent application within two months counted as from the following day of the publication of the application, thus the third party will not become a part of the granting procedure.
- The term of non-pharmaceutical patents will be extended if a non-reasonable delay of the PTO in the granting procedure can be proven. The granted maximum supplementary protection will be seven years and six months.
- National Phases of PCT applications will be granted for 20 years counted as from filing date of the international application.
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