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Singapore Signs MOU with Mexico

post Wednesday July 3, 2013

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In a recent development that signals a growing unity and desire to work collectively, the Intellectual Property Office of Singapore (IPOS) signed an agreement to work with the Mexican Institute of Industrial Property (IMPI).

The agreement signed between the IP offices of Singapore and Mexico went into effect on Monday, July 01, 2013 and is scheduled to remain intact and in place for the next three years. The Memorandum of Understanding (MOU) was signed with the goal of increasing bilateral cooperation and furthering the protection of intellectual property in the two countries involved. This MOU signals what could become a growing trend between countries to work together towards achieving greater and more comprehensive protection of IP.

Contained in the MOU were the clear goals of assisting small and medium sized enterprises by consolidating a list of best practices for handling IP and specific steps that companies can take to leverage the most value from their IP as possible. Additionally, the MOU directs the IPOS and the IMPI to collaboration in hopes of increased efficiency and efficacy of their respective patent application processes. This MOU between IPOS and IMPI solidifies the progress that Singapore has made in creating a large and useful network amongst IP offices. Another Latin American country that has partnered with Singapore is Brazil.

The popularity and effectiveness of MOUs and similar agreements is likely to continue to grow if these efforts are successful and others like it. These types of arrangements continue to bolster the information that is dispersed to the public.

Source: Channel NewsAsia

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