Thursday, August 17 2023   \  Published by Kluwer Patent Blog.

Brazil implements changes to facilitate the recordal of IP agreements

Brazil implements changes to facilitate the recordal of IP agreements

In what will be seen as a welcome development to IP owners, the Brazilian Patent Office (BRPTO) is improving the system to record IP agreements.

More specifically, on 11 July 2023, the BRPTO published Ordinances 26 and 27/2023, improving the guidelines for registration of technology transfer and franchise agreements. For recordal purposes, complete agreements are no longer required to have certified notarized and legalized/apostilled signatures of the parties in case digital signatures are used. When executed abroad, such digital signatures do not have to comply with ICP-Brazil standards to be accepted by the BRPTO. Also, the requirement of two witness to the agreement has been abandoned.

Brazilian companies are no longer required to submit a Registration Form and documents such as bylaws, articles of association, memorandum of association and/or last amendment on corporate purpose and consolidated legal representation. Read more

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