Posts Tagged: "BRICS"

The Costs of Obtaining and Maintaining a Patent in the BRICS Economies

BRICS is an acronym for an association of five countries: Brazil, Russia, India, China, and South Africa. Over the last 25 years, the BRICS economies have been at the forefront of a paradigm shift in the sands of the global economy towards developing economies. This is exemplified by their share in the global economy… Developing a patent filing strategy that includes BRICS economies could be challenging due to the presence of varying national legislation, each mandating its own set of procedures. A precise idea of the costs that could be incurred will go a long way in facilitating strategic decision-making and budget forecasting.