Despite the ongoing COVID-19 pandemic, authorities continue to promote the development of new technologies that contribute to resolving societal challenges and are properly registered in the patent system. Registering a patent guarantees the inventor's exclusivity rights; however, universities, research centres and the scientific community have free access to patents.
This article provides an overview of the regulation and enforcement of IP rights in Peru. It also examines recent developments, such as the cancellation of the official fees for the filing of collective trademarks, and outlines practitioners' hopes for the IP landscape in the coming years.
According to the National Institute for the Defence of Competition and Protection of Intellectual Property, it granted a substantial number of trademark registrations between January 2020 and August 2020 as a result of the information campaigns developed by the Distinctive Signs Department. The campaigns highlighted how a registered trademark increases the competitiveness of products and services in national and international markets.