When the Singapore Intellectual Property Office (IPOS) announced the new fees, it pointed out that in order to avoid the situation of "hoarding" intellectual property rights and hindering innovation, the cost of updating patents and trademarks increased. This is also the increase of trademark fees in 10. From the eighth year of patent right to 10, the new fees increased by 37% to 370 yuan. The new fee for applying for renewal of trademark registration will be increased by 52% to 380 yuan.
As for the patent owner who is willing to provide patent license, he will continue to enjoy 50% discount when paying the patent renewal fee. This is to encourage intellectual property owners to actively use patent rights, or to consider entrusting patent rights to the public domain to promote more innovation. Owners of decentralized intellectual property rights are exempt from management.
-Lite carving patent