IMPORTS: $29,275 BILLION
TOTAL AREA: 75,517 KM2
CURRENCY: BALBOA (B7.) (PAB); UNITED STATES DOLLAR ($) (USD)
OFFICIAL LANGUAGES: SPANISH
Contracting Party of the Paris Convention: YES.
Contracting Party of The Hague System: NO.
Industrial Property Law 35, amended by Law 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, although the Law in Panama does not foresee multiple applications, in practice, multiple applications are filed. However, the examiner may request division of the application.
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 party can file opposition within 2 months from the publication date. Cancellation actions can also be filed, within 5 years from granting, except in case of bad faith.
Average time from filing to grant:
Term of Protection and Maintenance:
10 years, renewable once for a further 5-year period.