How much will the cost be saved by Madrid trademark registration system?May 2019 |
| The biggest advantage of Madrid's international trademark registration system is by far the cost savings. |
| Without having to register trademarks for each country separately, Madrid can save you money by ending this process all at once. |
| In this article, we'll see how much money you can save using the Madrid Protocol Trademark Register system. |
| In case of individual trademark registrations for each country; |
| Before Korea joined the Madrid Agreement, it had to register trademarks separately for each country. |
| It is very simple and cost-effective to register trademark in Korea, but the trademark overseas application is a different story because the trademark system is different in each country, and the reason for sub-registration and examination regulation are different. |
| In addition, in most countries, the cost of a patent attorney increases significantly because a patent attorney must be appointed locally for each country. |
| The cost of international trademark registration in Madrid; |
| Madrid International Trademark Registration receives the documents from the WIPO International Office in Switzerland, processes the administrative proceedings, and then sends the documents and registration fees to the respective Office of the Designated Offices. |
| In other words, at the time of the registration of the international trademark in Madrid, the basic charge to be paid to the WIPO International Office in Switzerland, the examination fee for each designated country, and the charge for registration fee must be added together. |
| Since the basic cost is high, we can save a lot more as the number of designated countries increases. |
| Approximately, you can save about 30% of the cost compared to trademark registrations in each country. |
| In summary, if you plan to apply for a trademark in more than eight countries, then the registration of the Madrid international trademark will be in your interest. |
| However, since the basic cost is high, if you apply for a trademark in one or two countries, you may want to just register each country. |
| For more information on Madrid International Trademark Registration, please contact us by phone or email. |
 COPYRIGHT BKIP 2019
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