The path to the future is full of possibilities. With so many minds operating today, innovation in many sectors is growing exponentially. Some think that, with so much history behind us, we can no longer have new ideas, or expect original ideas.

They think that every thought is some compilation of all the things that have already been thought. And, in a way, it is true, but the compilation of many things into one creates, by default, something new and, in several cases, something better has been created.

The business world is a perfect example as it is one of the sectors that most proposes new ideas in a highly competitive market. Under this panorama, the protection of Intellectual property It is essential to safeguard the path of innovation and business growth.

In the case of Panama, the legal protection of trademarks and patents is governed by a solid regulatory framework that encourages technological innovation and offers security to intellectual rights holders through the help of lawyers in panama.

Trademarks registered in Panama

Registering a trademark in Panama is a crucial step to protect the commercial identity of a company. The General Directorate of Industrial Property Registry (DIGERPI) is the entity in charge of managing trademark registrations. Panamanian law recognizes both nominative and figurative trademarks, providing owners with the exclusive right of use in the territory of Panama.

It is essential for trademark owners to understand the registration requirements and process, which includes the submission of an application, formal and substantive examination, and, once approved, publication in the Official Industrial Property Gazette for possible third-party objections. . The registration of a trademark in Panama has a duration of 10 years, renewable indefinitely.

Patent protection in Panama

Patents play a vital role in protecting technological innovation and scientific advances. In Panama, the Industrial Property Law regulates the granting and protection of patents. The General Directorate of Industrial Property Registration (DIGERPI) is also the competent authority for patent registration.

The granting of patents in Panama follows a rigorous process that includes the presentation of the application, a substantive examination to evaluate patentability and once granted, its publication in the Official Gazette. Patents in Panama have a duration of 20 years from the date of application.

Importance of trademark and patent protection

The protection of trademarks and patents in Panama not only ensures exclusivity in the use of the trademark or invention, but also encourages investment and innovation. Companies and entrepreneurs can protect their creative and technological work, thus stimulating the economic development of the country.

Intellectual property protection in Panama is not limited only to trademarks and patents, but also covers other aspects such as copyright, industrial designs and trade secrets.

Challenges and recommendations

Despite the strong legal structure, there are challenges in effectively protecting intellectual property in Panama, such as piracy and counterfeiting. Therefore, it is recommended that companies stay informed, constantly monitor their rights and seek legal advice from lawyers in panama specialized to protect your intangible assets.

Overall, legal protection of trademarks and patents in Panama is essential to allow a fair and protected path for business development and the preservation of innovation. With an established legal framework, those seeking to secure their intellectual rights can rely on the Panamanian legal system at the hands of lawyers in panama to safeguard your assets and maintain your competitive advantage in the market.

Panama Legal Business

At Panama Legal Business we are a law firm in Panama Since 2005 we have strived to provide the best legal advice to companies and entrepreneurs in the main economic sectors in Panama. Our main values are discipline, dedication and commitment.

Protecting the Intellectual Property of our clients is our commitment, we take care of registrations before the General Directorate of the Registry of Intellectual Property and the National Copyright Office in Panama for: Registration of trademarks and patents, Health records (food products and medicines ) and Copyright.

We can also represent you in litigation related to Trademark Registration Oppositions, Nullity Claims, as well as criminal actions for crimes that violate Intellectual Property.

In conclusion, the legal protection of trademarks and patents in Panama is essential to allow a fair and protected path for business development and the preservation of innovation. With an established legal framework, those seeking to secure their intellectual rights can rely on the Panamanian legal system at the hands of lawyers in panama to safeguard your assets and maintain your competitive advantage in the market.

If you require legal advice and legal support for any matter related to the previously mentioned sectors, you can contact us. You can call or send a message to WhatsApp +507 6430 7051. We have three strategic locations in Panama City, David and Boquete.

At Panleb we represent local and international clients of important companies in the sectors of Corporate and Commercial Law, Litigation, Real Estate Law, Regulated Commercial Activities (energy, telecommunications, others), Labor and Immigration, as well as Intellectual Property Rights.