Manage your Intellectual Property in Latin America

IP Glossary

Term description:

Any industrial or commercial behaviour contrary to honest practices.

Term description:

Like a Patent, a UM is a set of rights granted for an invention for a limited period of time, during which UM holders can commercially exploit their inventions on an exclusive basis. The terms and conditions for granting UMs are different from those for “traditional” Patents. For example, UMs are issued for a shorter duration (7 to 10 years) and, at most offices, UM applications are granted without substantive examination. The procedures for granting UM rights are governed by the rules and regulations of national IP offices, and rights are limited to the jurisdiction of the issuing authority.