Individual Fee amount Reduction while designating Republic of Korea
By Abhishek Chandok and Vibhukant Chauhan
The Madrid Protocol is a convenient and cost-effective system that offers owners of the trademark the possibility to have their trademark protected in several countries (up to 130 countries*) by filing only one application and submitting a single set of fees. The System allows central management of trademark registrations with effects in various countries by providing a user friendly, expeditious and cost-effective set of procedures for the central filing of trademark application.
The Director General of World Intellectual Property Organization (WIPO) in accordance with rule 35(2) (d) of the Regulations under the Madrid Protocol has established new amounts, in Swiss francs, of the individual fee that is payable when the Republic of Korea is designated in an international application, in a designation subsequent to an international registration and in respect of the renewal of an international registration in which the Republic of Korea has been designated.
As from July 26, 2023, the amounts of the individual fee payable in respect of Republic of Korea is mentioned below:
| Items | Amount(in Swiss francs i.e. CHF) | ||
| Until July 25, 2023 | To be applicable as from July 26, 2023 | ||
| Application or Subsequent Designation | – for each class of goods or services | 224 | 191 |
| Renewal | – for each class of goods or services | 256 | 218 |
The new amount will be payable in the following scenarios:
1- In case Republic of Korea is designated in an international application which is received by the Office of origin on or after July 26, 2023
2- If the subject of a subsequent designation which is received by the Office of the Contracting Party of the holder on or after July 26, 2023, or is filed directly with the International bureau of WIPO on or after that date; or
3- If it has been designated in an international registration which is renewed on or after July 26, 2023.
The Official notice issued by WIPO can be accessed by clicking
https://www.wipo.int/edocs/madrdocs/en/2023/madrid_2023_19.pdf?utm_source=WIPO+Newsletters&utm_campaign=3a105fab67-DIS_MADRID_NEWS_EN_280623&utm_medium=email&utm_term=0_-0c57c891bc-%5BLIST_EMAIL_ID%5D