The Intellectual Property (Amendment) Bill 2021 was passed on 12 January 2022 by the Parliament of Singapore to provide a more efficient and business-friendly IP registration. This makes it easier for businesses to protect and manage their Intangible Assets (IA) and Intellectual Property (IP).
The IP (Amendment) Bill 2021 introduces changes to Singapore’s Patents Act, the Trade Marks Act, the Registered Designs Act, the Plant Varieties Protection Act and the Geographical Indications Act 2014.
The Bill will result in improvements across three broad categories:
2. Operational efficiency
3. Legislative and procedural clarity