Common use of Annulment Clause in Contracts

Annulment. 1. The acts which decide on the granting or refusal of the registration of industrial property rights are wholly or partially annullable. 2. Only persons who have an interest as established by this Code are entitled to raise the issue of annulment of a right. 3. For the purposes of the preceding paragraph, the following persons are entitled to seek the annulment of a right: a) A person who proves that the right belongs to him; b) A person with a right based on priority or on another legal title which right was ignored when the industrial property right was granted. 4. When applying for an annulment the applicant may request that the title revert to him, provided that he meets the legal requirements established in this Code. 5. Annulment of the industrial property rights may be raised within ninety days from the date of publication of the final grant or refusal of the right. 6. The declaration of annulment must be granted by a competent court.

Appears in 2 contracts

Sources: Industrial Property Code, Industrial Property Code