United Trademark and Patent Services was founded in 1949 and has worked its way up to attain the position as one of the leading firms specializing in Intellectual Property Law in the Middle East, South Asia and Africa, where we maintain our own offices. The Firm specializes in Intellectual Property filings, prosecution and litigation, licensing, distributorship agreements, franchising, transfer of technology, anti-counterfeiting and litigation. We take pride in having more than 200 of the Fortune 500 companies on our firm’s portfolio.
South Korea will enforce punitive damages in case of breach of trademark and design rights in order to further ensure the protection of knowledge- based intangible assets.
South Korea will enforce punitive damages in case of breach of
trademark and design rights in order to further ensure the
protection of knowledge- based intangible assets.
The revision has been approved by the National Assembly,
says the Korean Intellectual Property Office.
The important alteration is to provide damage
compensation, if there is any breach with regard to designs and
copyrights. Prior to this regulation, compensation was only
available for infringement of patents and trade secrets.
Along with this revision, the definition of the
“damage” has been also altered in favor of the right
owner.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
