IMPORTS: $26.61 BILLION
POPULATION: 3,868 MILLION
TOTAL AREA: 75,517 Km2
CURRENCY: BALBOA AND UNITED STATES DOLLAR
OFFICIAL LANGUAGES: SPANISH
Contracting Party of the Paris Convention: YES
Contracting Party of The Hague System: NO
Industrial Property Law No. 35, amended by Law No. 61
Grace period for filing applications, from disclosure:
3 years, provided that disclosure is made in Panama
Multiple design applications -one application for different embodiments- available:
Yes. The Law in Panama does not foresee multiple applications. In practice, multiple applications are filed however, but the examiner might certainly request the division thereof
Formal filing requirements:
Power of Attorney, notarised and legalised by means of the Apostille or before Panamanian Consul. Assignment document, executed and signed by all the parties (applicant and inventors), attested by a Notary Public, and duly legalised by means of the Apostille or before the Panamanian Consulate. Name of the design. Description of the design and drawings. Claims. 3 sets of drawings. A summary or abstract of the design, which is a brief explanation provided in the description, claims and drawings. Certified copy of the priority document, when applicable.
Registration Proceeding Outline:
FIling. Formal and substantive examination. Publication. Oppositions. Decision.
Yes. Any interested parties can file opposition within 2 month term from the publication date. Cancellation actions can be filed also by any interested parties, within a 5 years term from the granting, except in case of bad faith.
Average time from filing to grant:
Term of Protection and Maintenance:
10 years from the filing date. The first 5 years of protection must be paid for at the moment of the filing, whilst the remaining 5 years term is paid within the next quinquennial term. It is possible to obtain an extension of another 5 years, to complete a total of 15 years term of protection.