A patent is a set of exclusive property rights granted for an invention, which is a product, technique or process with transformative novel features that provides a new way of doing something or a new solution to an issue. To get a patent, you need to file a patent application and provide technical information about the invention.
- It excludes others from making, using, distributing, importing or selling the invention without the patent owner’s consent. As a result, patent owners may get higher profit margins for their idea.
- Competitors may consider the risks of patent infringement before contemplating entering the market for the patented product or service, which would reduce competition.
- It increases the value of your business, since potential purchasers of your business would consider the patent as a valuable asset.
- Name and address of the applicant.
- Name, address and citizenship of the inventor(s).
- Invention title, abstract of the Invention, utility model or design.
- Invention, utility model or design text description.
- Claims.
- Priority claims (if any).
- Set of formal drawings.
- Translation of the foreign patent application into Spanish.
- Official filing fee.
- Power of Attorney.
- Patent Search.
- Application.
- Formal examination.
- Publication.
- Substantive examination.
- Granting of the patent.
Patent protection in Nicaragua lasts 20 years from the application date, non-extendable.
The approximate time from application to granting (for a prosecution without an opposition) is three or four years.
- All documents must be translated into Spanish.
- All signed documents must be apostilled.
- Nicaragua is a contracting state of the Patent Cooperation Treaty (PCT).
- Nicaragua is a contracting state of the Paris Convention for the Protection of Industrial Property.
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Dealing with foreign associates could be very frustrating. BR is always available to reply my emails and phone calls
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Managing applications in different countries it is a lot of work. With BR I reduce the work load and I can spend more time on more important matters. I am overall more productiveAdam, IP in house counsel
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