In Peru, the trademark application process takes between five and six months. Signs must comply with various requirements to be registered, including being distinctive and not misleading the public. Once a trademark has been registered, it is effective for 10 years. This article answers FAQs about the trademark registration process in Peru.
It is possible to cancel the registration of a trademark where it can be proved that the owner, licensee or other authorised party has not used the trademark in Peru for three consecutive years. Parties may also request the cancellation of a trademark registration on grounds of lack of use during an opposition procedure.
Pharmaceutical trademarks often comprise a combination of elements (eg, prefixes, suffixes or commonly used words) that evoke the product's properties, active ingredients or therapeutic function. Any party may include commonly used terms in a trademark. However, to avoid the risk of confusion, pharmaceutical trademarks must include elements in addition to the common term to ensure that consumers can identify and distinguish the product's commercial origin.
In 2018 and 2017 respectively, the continued growth of the video game industry in Peru resulted in the development of nearly 600 titles and profits of S7.1 million. The Copyright Directorate has established rules to protect the works of video game creators and developers, which enable these parties to obtain greater rewards when their games launch on the market.
Intellectual property is essential to Peru's economic recovery following the COVID-19 pandemic, which has significantly affected international trade. The National Institute for the Defence of Competition and Protection of Intellectual Property has encouraged the registration of collective trademarks, which enable parties to compete both nationally and internationally.