Panama Trademark registration
In Panama the legal basis is the Intellectual Property Law and the Executive Decree no. 7 of February 17th, 1998. Trademark protection is obtained by registration. It can also be acquired by sufficient public recognition.
Requirements
A trademark application has to be filed before the Panama Industrial Property Direction (DIGERPI) by a local agent. Tradesmen with place of business and legal seat abroad need a declaration about the existence of their firm and a power of attorney for it, authenticated by a consulate of Panama or by the apostille seal.
Procedure
The application process includes a formal examination, an examination of distinctiveness and a search for prior trademarks. It takes approximately 12-18 months from first filing to registration. Before registration the trademark application is published in the “Boletin de la Propiedad Industrial”. The opposition period is 2 months from publication date of the application.
Duration
A trademark registration in Panama is valid for 10 years and starts with registration date. The registration is renewable for periods of 10 years.
Methods
NATIONAL REGISTRATION: If you just want to register your Trademark in one country, it is sufficient to apply for a national registration at the local trademark office.
Extra
Duly note, if the trademark has not been used within 5 years from issue of the registration certificate or has not been used later for a continuous period of 5 years, it may be subject to cancellation