Thursday, January 12 2023   \  Published by Baker McKenzie.

Brazil: Brazilian Patent and Trademark Office simplifies registration of technology transfer agreements

Brazil: Brazilian Patent and Trademark Office simplifies registration of technology transfer agreements

On 30 December 2022, the Brazilian Patent and Trademark Office (BPTO) published the minutes of an internal meeting held by its board (by means of SEI INPI # 0747049), in which the BPTO considerably simplified the process of registration of technology transfer, licenses for industrial property rights and franchising agreements.

The changes follow suggestions proposed by experts and were debated and accepted by the BPTO on 28 December 2022. Procedures to implement this decision will begin immediately.

Aside from reducing bureaucracy in the registration of technology agreements in Brazil, these changes represent an important step forward for the BPTO, with the adoption of new understandings and actions aligned with the best international practices, such as those that guide public policies to encourage technological innovation in OECD countries.

The innovations will certainly bring greater dynamism and hasten the signing of these types of agreements by preserving the contractual autonomy of the parties while allowing for the registration of agreements in an easier and less bureaucratic way. Read more

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