Today, November 5, 2020, the Federal Industrial Property Protection Law (LFPPI), published July 1, 2020, enters into force, abrogating the Industrial Property Law of 1991 and its subsequent reforms and additions.
This new Law includes important changes that modernize the protection and defense of industrial property rights in Mexico, in order to harmonize and adjust Mexican law in this area to the commitments assumed with the signing of the United States-Mexico-Canada Agreement (USMCA) that entered into force on July 1 of this year.
There are many changes that will be implemented upon its entrance into force, including the fact that the Mexican Industrial Property Institute (IMPI) will have unique powers regarding the observance of industrial property rights, among which are the imposition and collection of fines and powers to order the payment of awards for damages.
Please click here to download a summary of the most relevant aspects of this new law in PDF format.
To obtain additional information contact our expert:
Patricia Kaim, Partner: +52 (55) 5258 1038 | pkaim@vwys.com.mx