Nicaragua

TRADE MARK INFORMATION
Classification	International, Nice 9th Edition Multi-class Goods and services can be registered
Priority	Convention priority can be claimed
Renewal	The first renewal fee is payable the day before expiry of the 10th anniversary of the registration date, and then every 10 years thereafter.
Use provisions	Non-use of a mark for a period of 3 years renders it open to an action for cancellation by third parties.
PATENT INFORMATION
Types of Patent	Substantive with or without priority; PCT national phase
Priority	Convention priority can be claimed
Duration	Patents are granted for a term of 20 years from the effective filing date
Annuities	Renewal fees are payable annually, beginning with the third year annuity which is payable on the second anniversary of the effective filing date. Failure to pay renewal fees when due, or within a six month period of grace along with a late fine, will lead to lapse of the patent.
DESIGN INFORMATION
Priority	Convention priority can be claimed
Duration	Designs are registered for an initial term of 5 years from filing date - this term is extensible for two further 5-year periods upon payment of renewal fees
Renewal	Renewal fees are payable, in advance, on the 5th and 10th anniversaries of the filing date

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