Protect Your Intellectual Property

Competing with multinationals under DR-CAFTA requires companies to comply with all the necessary processes to protect their brands, processes and products.

Friday, March 18, 2016

The arrival of multinational companies in Central America competing in legal equality with local or regional firms as a result of DR-CAFTA, highlights gaps in legal implementation and best practices for business on issues such as the protection of trademarks and intellectual property. In an analysis piece by Nacion.com, the need for companies and entrepreneurs to protect the product development process, their formulation and their brands is highlighted.

See also: "Intangible Assets Used to Secure Bank Loans"

"... The first step when you create a brand for a product is to determine whether their are any others in the market with the same name. If there are, the next step is to determine if they are already registered in the Registry of Industrial Property. From there the steps are defined: registration is requested or the name changed. That way disputes are avoided, but there still may be complaints. "

See also: "Single Registration for Patents in Central America"

"... The Minister of Foreign Trade in Costa Rica, Alexander Mora, believes that the current legislation is of first world quality since the agreed changes were put into effect in the Free Trade Agreement between the US, Central America and the Dominican Republic. However, much remains for businessmen and entrepreneurs to do in order to take advantage of this first world legislation ".



More on this topic

Impact of DR- CAFTA in Production of Generic Goods

December 2013

Increased prices are predicted along with less variety in drugs and agrochemicals because of the progressive protection of patent rights.

Román Macaya, director of the National Chamber of Generic Producers (Canaproge) explained that at the end of this decade the market will feel an impact on the protection of branded drugs and agrochemicals.

Bureaucracy Slows Trademark Registration in Guatemala

April 2013

It takes from six months to a year to complete the process for registering a patent for a brand with the Guatemalan Intellectual Property Registry.

Various sectors in Guatemala agree with the estimate. "Although there is a commitment to the free trade agreement between Central America and United States (CAFTA), which entered into force in 2006, Guatemala has not signed", reported Prensalibre.com.gt.

Protest Against Decriminalization of Copyright Violations

July 2012

The Chamber of Information and Communication Technologies and the American Costa Rican Chamber of Commerce have requested that the bill be vetoed by President Chinchilla.

An article in Elfinancierocr.com echoes the troubles caused by the adoption of the law which "allows without sanction copying of music CDs and movies or counterfeit software", in the national and creative sectors, and in the union that groups together American companies in the country.

Costa Rica Decriminalizes Violation of Copyright

June 2012

The Legislative is moving forward a bill that will decriminalize the business of photocopying of books, on the basis of academic needs.

The aim of the "Law to protect the right to education against the excesses of intellectual property law" is to prevent owners of photocopying businesses from being affected by the secondary legislation of the Free Trade Agreement (FTA) with the United States on intellectual property protection.

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