The Community of Portuguese-speaking Countries (CPLP) plans to set up a system to register trademarks that will serve the growing interest from companies in the markets of member-countries, the director of the Angolan Industrial Property Institute said Monday in Luanda.
Barros Licença told Angolan news agency Angop that the move was intended to set up a system to ensure a speedier and simpler process for protecting trademarks within CPLP countries.
The system will make it possible to register trademarks based on cooperation between the Lusophone Trademark Organisation (OML) and national industrial property institutions and it will be their responsibility to accept or refuse registrations for their territories, according to legislation.
A centralised system has the advantage of registering with a single body, a speedier process and lower costs (through a single request the trademark is registered in several countries) and provides access to 220 million potential customers spread over four continents.
In order to move ahead, Barros Licença said that a meeting had recently been held in Lisbon about creating the Lusophone Trademark, at which directors and representatives of bodies charged with registration made a joint decision to move ahead with the project as soon as possible. (macauhub)