Entity in charge: Directorate General of the Registry of the Industrial Property of the Ministry of Commerce and Industries.

General Information:

According to our Trademark Law, it is not mandatory to register license agreements, unless the client need the agreements have legal effects against thrid parties. The agreement will be effective from the registration date.License agreements that have not been registered will be considered to have effects only between the contracting parties. According to Panamanian law, it is not possible to cancel the inscription of a license agreement without the express authorization of the licensee, unless otherwise agreed by the parties in the license agreement.

Requirements:

1. Power of Attorney executed by an officer of the applicant or registrant, attested by a Notary Public;
2. An excerpt of the license agreement including the parties, duration of the agreement, the territory, the name of the mark and the goods. This document must be executed by an officer of both parties, and the signatures must be attested by a Notary Public.

Documents must be duly legalized by a Consul of Panama or by the seal of the Apostille: