By Alexander VillafaniaINQ7.net
The Intellectual Property Office of the Philippines (IPOPHIL) is hoping that most, if not all, trademark applications in the country would be filed electronically through its TM Online service.
IPOPHIL Director General Adrian Cristobal Jr. said the agency processes nearly 12,000 trademark applications per year, many from small-to-medium scale businesses.
“The TM Online project is aimed at speeding up the application processes since it can process an application within two to three days. It’s also 20-percent cheaper than doing [a] manual application, which costs around 2,000 pesos,” Cristobal said.
“Now applicants from all over the country need not come to the Makati office, saving in transportation and other costs in doing business with the office,” he added.
IPOPHIL partnered with Equitable PCI Bank (EPCIB) for TM Online’s payment system.
The process starts when an applicant, who must have an EPCIB account, fills up an online form and, if available, pictures of the trademark subject before submitting the form.
After the online payment, the applicant needs to wait for two to three days for confirmation. In the traditional process, it takes several weeks before an application is confirmed received by IPOPHIL. It does not include the long queues for the filing of the forms.