International patent filing systems — PCT and GCC patents
Globalisation is no longer the exclusive province of multi-national companies. Companies large or small or anyone with a commercially attractive product should consider international markets and, in doing so, seek patent protection in multiple countries.
The World Intellectual Property Organization’s Patent Cooperation Treaty (PCT) provides the means to facilitate the filing and protection of patents internationally. In 2011 alone, more than 181,000 international patent applications were filed under the PCT.
This is the most international of patent applications one can file where a single filing can secure an effective filing date in all of its member countries. Its membership comprises a large number of countries and the list continues to grow…
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Corruption has a detrimental effect on any economy. It creates unfair advantages, anti-competitive practices and a generally unfavorable business environment.
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