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Following the ratification at the end of last year, the
Korea-US Free Trade Agreement (KORUS FTA) has come into effect as of 15 March
The KORUS FTA
includes a number of provisions related to Intellectual Property rights. Some
of the most important stipulations are as follows:
- Extension of the patent term in case
of examination delays of more than four years from filing date or three
years from the request for examination.
- Extension of the grace period for
filing a patent after previous publication from six to twelve months.
- Recognition of trade marks for sounds
and scents, e.g. a laser printer toner's lemon scent or the lion roar sound
of a famous American media company.
information, please refer to KIPO
news of 21 March 2012 (in English) and the US
government FTA information website with a downloadable version of the