Cambodia: Penalty for Patent Annuity Fees Being Introduced from 15 October 2024

Release Time：2024-09-20 16:48Author：Views：331

From 15 October 2024, a new penalty will be imposed for late payments and restoration of patents, following an unofficial announcement from Department of Industrial Property (DIP) of the Ministry of Industry, Science, Technology & Innovation (MISTI).

In the event that the applicant does not pay the annuity by the deadline, a grace period of 6 months is allowed for late payment. If the patent application is not paid within the statutory timeline (but before the end of the 6-month grace period), the patent application will be deemed withdrawn, or the patent will lapse.

It should be noted that should a patent application lapse due to non-payment of the annuity, the patent office is still able to initiate the restoration process for the patent application. This process requires payment of a restoration fee of US$25 and additional fee of US$ 0.125 per day from the grace period to the date of payment of the annuity with the patent office.

(Information source: www.lexology.com, if there is any infringement, please contact us.)

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