What are the advantages of filing under Madrid Protocol?
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- Reduction in cost: The additional fee of engaging local counsels at the time of filing of the application is not required. This reduces the cost of filing the application substantially as a single request can be filed for recordal of assignment, name change, renewals etc.
- Reduction in time: Generally, the countries designated at the time of filing have to either accept or refuse the application within a period of eighteen (18) months from the date of filing of the International application. This reduces the time frame of procuring registrations considerably.
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