Tuesday, 22 July 2014
A sign of the times -- or assign of the times? Venezuela at last allows recordal of deals with applications
On 31 March of this year the Venezuelan Autonomous Intellectual Property Service (SAPI) published a notice indicating that, owing to business dynamics, and the fact that IP rights are property of a private nature, the applicant for a patent or trade mark registration has a priority right. Thus, since 9 April 2014 (when that notice became effective) , SAPI has allowed the recordal of assignments or any other changes of ownership (merger or change of names) against pending applications.
Source: "Trademark Office Now Accepts Assignment of Pending Applications", by Richard N. Brown (De Sola Pate & Brown Abogados--Consultores, Caracas), published in the INTA Bulletin, 1 July 2014 Vol. 69 No. 12, which contains further details and welcomes this change.