South Africa Suspends Patent and Design Fees Increase

MONEY
© Pavel Shlykov | Dreamstime.com

The South African Companies and IP Commission (CIPC) had suspended the increase of patents and designs fees in South Africa which was due to take effect today, October 1.

This was revealed by the CIPC and made available on Monday 30 September to lawyers.

It will be recalled that CIPC announced in May that large corporate entities would pay increased fees for patent and design services in comparison to small, medium and micro-entities (SMEs).

Small, Medium and Micro-entities (SMEs) are exempted from the increased fee. SMEs as described by CIPC are companies that have fewer than 100 employees (up to 200 in certain industries) and a turnover of less than an amount between 4 million ZAR and 50 million ZAR ($281,734 to $3,521,675) depending on the industry.

In time past, patents and designs fees had been the same regardless of company size.

The change in fees would have seen the cost of a patent application jump from 590ZAR ($41.46) to 1,100ZAR ($77.48) for large companies.

The suspension is rather not sure if it’s temporary or permanent.

Print Friendly, PDF & Email
FILE A TRADEMARK
About Nathaniel Adebayo 386 Articles
Nathaniel is a News Reporting Intern at Nigerian Law Intellectual Property Watch (NLIPW). He has a passion for writing, capacity building and social media marketing. He is a graduate of Federal University of Technology, Minna, where he graduated with BTECHAGRIC. He is a member of Soil Science Society of Nigeria (SSSN) and the National Union of Campus Journalist (NUCJ). Nathaniel has served as Editor-in-Chief for a number of magazines and as a contributor to various online repositories. Email: anathaniel@nlipw.com

Be the first to comment

Leave a Reply

Your email address will not be published.




This site uses Akismet to reduce spam. Learn how your comment data is processed.