New Federal Law for the Protection of Industrial Property

New Federal Law for the Protection of Industrial Property

Today, November 5, 2020, the Federal Law for the Protection of Industrial Property (LFPPI), published on July 1, 2020, enters into force, repealing the Industrial Property Law of 1991, as well as its subsequent amendments 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 adapt Mexican legislation on this matter to the commitments assumed as a result of the signing of the Free Trade Agreement between Mexico, the USA, and Canada (USMCA), which entered into force this past July 1. There are many changes that will be implemented as of its entry into force, among which it is noted that the Mexican Institute of Industrial Property (IMPI) will have unique powers with respect to the observance of industrial property rights, including the powers to demand and collect fines and the powers to order the payment of compensation for damages. Please click here to download a summary of the most relevant aspects of this new Law in PDF format. For additional information, please contact our expert: Patricia Kaim, Partner: +52 (55) 5258 1038 | pkaim@vwys.com.mx