Austria:  Formal Requirements for Recordal of Assignments Reduced

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Austria:  Formal Requirements for Recordal of Assignments Reduced

An amendment of the Austrian IP Laws entered into force on August 2, 2017 which considerably reduces the formal requirements for the recordal of assignments, mergers or changes of name.  The new rules will apply for all protective rights (patents, utility models, trademarks, designs and SPCs).

Generally, it is now sufficient to submit a confirmatory assignment signed by the concerned parties, without notarization of their signatures.  Filing the original of an assignment document with the signature of the assignor notarized has thus become unnecessary in most cases.

Source:  www.sonn.at