International Patent System Marks Two Millionth Filing
The two millionth international patent application under WIPO’s Patent Cooperation Treaty (PCT) was filed recently1 by U.S.-based mobile technology company Qualcomm2.
The PCT makes it easier for companies and inventors to seek patent rights in multiple countries. A single international patent application under the PCT has legal effect in all 142 countries bound by the treaty. PCT applicants receive valuable information about the potential patentability of their inventions and have more time than under the traditional patent system to decide in which of the PCT countries to continue pursuing patent protection. The PCT system consolidates and streamlines patenting procedures, postponing the payment of sizeable costs and providing applicants with a sound basis for important decision-making.
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