Problems and strategies to maintain the existence of domestic registered patents in Indonesia to promote the economic growth

Abstract

The number of acquisitions of Indonesian domestic patents is still low, while Article 130 letter d of Law Number 13 of 2016 concerning Patents regulates the abolition of patents due to the patent holder not fulfilling the obligation to pay the annual fee. This provision causes the loss of registered patent rights that have been hard to obtain, while the legal protection is still long, and there is still potential for commercialization value. It is feared that this will become one of the obstacles in the effort to increase the acquisition of domestic patents which in the end will also hamper Indonesia's economic growth. This article seeks to formulate the problems and strategies in maintaining the existence of domestically registered patents to be able to provide adequate protection for the exclusive rights of inventors while at the same time being able to support national economic growth.