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We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
Odai Mismar - Senior Associate - Corporate Structuring
As part of the process of acceding to the WTO, Jordan has enacted its new Patent Law No. 71 of 2001 (the “Patent Law”), in accordance with the international standards which Jordan has been committed to through joining the TRIPs Agreement. This law also came to remedy the previous law (Patent Law No. 23 of 1999), which suffered ambiguity in several respects.
In general, the rules of the new Patent Law enjoy clarity and simplicity, and are well divided under various main subjects of the Patent Law. The main subjects are gradually headlined in the Patent Law as follows: Registration of the patent, Rights of the patentee, Licensing of inventions, Expiry and nullification of patents, Industrial property registration agents, Crimes and penalties, the Precautionary measures, and Closing rules.
The major amendments:
In substance, the amended Patent Law contains new established rules and modified rules. The major amendments can be summarized as follows:
Once the application is filed, it is queued to be examined by Jordanian patent office with respect to compliance with formalities. If accepted the applicant is notified to settle the substantive examination fees. Upon settlement, the application is forwarded to substantive examination. The examiner may request amendments to the application. When the application meets all the requirements stipulated in the Patent Law and the terms of granting the patent, and upon settlement the publication fees, a decision of preliminary is issued and published in the official Gazette. In absence of any opposition within 3 months as of the publication date, the register shall issue his decision granting the patent after the payment of the due fees.
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