Commercial products which are new and innovative inventions applied to industries can apply for Panama patents. This includes obtaining patents for unique processes and special uses which can be sold as commercial products, like software. On the other hand, business or scientific principals or theories, therapeutic or surgical and diagnostic methods can’t obtain Panama patents.
Panama Patent Registration Process
- File an application for a Patent.
- After an application has been made for a Panama patent, a panel of experts will be appointed to review the application and will determine whether this is the making of a new invention with industrial usage.
- Upon approval by the panel, there is a 14 month period for study from the date of the first usage or the invention date. This process determines if anyone else used the invention prior to this date or invented the product before then which is known as the “state of the art” period.
- Upon completion of this 14 month period it is then published for two months in the Panama Industrial Property Bulletin.
- If no legitimate prior usage claims or any objections are raised over the applicant’s rights for a Panama patent the application will be granted and the Panama patent is fully protected for 20 years from when the applications was filed.
- No appeals are available once the Letters of Patent are issued.
- There is a 10 year statute of limitations to challenge the Panama patent in civil court. There is only one exception allowing a challenge based on the application for the Panama patent was made in bad faith. Panama is a member of the International Patent Cooperation Treaty with 145 other nations.