There has been a significant increase in the use of patents throughout the commercial world as not only a means to protect the investment spent on research and development but also as an instrument of gaining or maintaining market share in a fiercely competitive global market. This growth has led to an increase in the value of patents as an asset particularly in the United States, Europe, Japan and China.
As companies look to expand their global reach, more patent applications are filed in non-traditional patent filing countries. This increase in patent filings has led governments in smaller nations to implement for the first time or update, their patent laws. One such region where significant change has occurred is the South Pacific. With the help of the World Intellectual Property Organisation, IP Australia and the Pacific Islands Forum significant steps have been taken over the past few years.
Click here for the Spruson & Ferguson brief of the patent systems in the South Pacific countries. Spruson & Ferguson act in all South Pacific countries. If you would like any further information, please do not hesitate to contact us.