Cayman Islands IP law revision
As part of a suite of legislation aimed generally at facilitating the diversification of the local economy from its current reliance on financial services and tourism, the Cayman Islands has enacted the Patents and Trade Marks Law 2011. This new law repealed the Patents and Trade Marks Law (2010 revision) and is the first phase in the review and updating of the main statutory underpinning of intellectual property law in the Islands.
Significant defects in the old law included the fact that it did not allow for: renewal of patents; abandonment of patents and trademarks; or strike-off of patents and trademarks for non-payment of fees. The old law also allowed any person, regardless of location, qualification or experience, to act as a patent and trademark agent. These matters have all been addressed in the new law…
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