Wednesday, January 31 2024   \  Published by Dennemeyer .

How viable is the global patent system?

How viable is the global patent system?

In the 140 years since the signing of the Paris Convention for the Protection of Industrial Property in 1883, international tools and instruments have been developed that aim toward common standards in a process that continues to this day, as the recent launch of the Unified Patent Court (UPC) attests. Other examples include the Patent Cooperation Treaty (PCT) and the TRIPS Agreement, together with various regional registration systems, including the European Patent Convention (EPC) and African Regional Intellectual Property Organization (ARIPO).

Through these achievements and many more, the global patent system has supported innovation and driven enormous social and economic advances. And while the rigor of national procedures varies, the patent procedural ecosystem as a whole is clearly still fit for its dual purpose of safeguarding the interests of inventors and disseminating knowledge. Read more

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