On July 11, 2023, Brazil’s National Institute of Industrial Property (INPI) published Ordinances No. 26/2023 and No. 27/2023, in order to formalize changes to the administrative procedures and guidelines for the registration of technology transfer and franchise agreements, as well as the annotation of licenses and assignments of industrial property rights.
These changes formalize certain understandings disclosed by the INPI in December 2022, which were awaiting regulation to be effective, and reflect practices that have already been adopted on the international stage.
In simplifying the procedures for registering and annotating agreements, the INPI seeks to speed up the process and stimulate negotiations between local and international players. The changes also give private agents expanded autonomy, strengthening the Brazilian institutional environment and creating incentives for economic development. Read more