New IP Law In Ecuador: Implications For Patents

As previously reported in our blog, in October 2016 the Ecuadorian Parliament approved the Organic Code for the Social Economy of Knowledge, Creativity and Innovation (a.k.a. INGENIOS Code), which includes a new Intellectual Property Law that repeals the previousIP Law of 1998 (amended in 2006). Subsequently, the code was passed on to the President of Ecuador, who objected to parts of the document, and the final version including all the changes proposed by the President was approved on November 29, 2016, and published in the Official Register on December 9, 2016.

The aim of INGENIOS is to develop an Ecuadorian productive model by encouraging local research and innovation and reducing imported technology.