Our friends at HarneckerCarey recently shared some important news for patent applicants seeking protection of living organisms. On May 5th, 2011, Chile joined the Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure. This treaty will enter into force on August 5th, 2011.
In order for a patent application for a living organism to be examined, the biological material must be deposited at a recognized institution. The Budapest Treaty, administered by WIPO, facilitates this process for those seeking protection in multiple jurisdictions. Per the treaty, applicants can deposit the biological material at one international institution and it will be recognized in all countries party to the Budapest Treaty. The treaty’s purpose is to make it easier (and faster) for applicants to file patents of this kind and also reduce the general cost of the proceedings.
For more information, visit the WIPO website.