New Rules for Payment of Renewal Fees in Paraguay
The National Direction of Intellectual Property (DINAPI) of Paraguay has issued a new circular No. 07/2015. It established that the official fees for renewal of applications should be paid from the time of the renewal application filling until the expiration date of the trademark.
If the renewal application is filed a day after its expiration date a penalty for late submission will be assigned. In this regard, article 19 of the trademark Law (Law 1294/98) establishes that: “19. Registration of marks shall be valid for 10 years and may be extended indefinitely for further 10-year periods, provided that their renewal is requested within the year preceding their expiry and subject to completion of the same formalities as those required for registration. The new term shall be computed from the date of expiry of the preceding registration. Renewal may be requested within a grace period of six months after expiry, subject to payment of the surcharge specified, in addition to the corresponding renewal fee.”
For more information about this circular, please click here .