The Pros and Cons of the Patent Cooperation Treaty Explained
Description
LexGeneris helps businesses weigh the pros and cons of using the PCT for their global patent strategy. The Patent Cooperation Treaty(PCT) offers several advantages, but also comes with certain limitations.
Advantages of the PCT
Simplified Filing: One international application simplifies patent filing across multiple countries.
Cost-Effective: The PCT system reduces the need for multiple national filings, saving businesses money.
Time Flexibility: Applicants have up to 30 months to decide where to pursue patents.
Limitations of the PCT
No Global Patent: The PCT doesn’t grant an international patent; it simply facilitates the process of filing in various countries.
Additional National Fees: After the international phase, national offices may impose additional fees and requirements.
By understanding both sides of the PCT, businesses can make informed decisions that align with their global strategy.
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