Lin Bonan casually flipped through the blue-covered book in his hand. It was titled the Service Standard for Patent Agency (For Trial Implementation) (hereinafter referred to as the Standard) promulgated on August 25, 2009.

The State Administration for Industry and Commerce (SAIC) currently promulgated Provisions on the Pledge Registration of Exclusive Rights of Registered Trademarks which will come into effect on this November 1. At the appointed time, the former Procedures for the Pledge Registration of Exclusive Rights of Registered Trademarks will be abolished.

According to the Provisions, when natural persons, legal persons or other organizations pledge their exclusive rights of registered trademarks, the pledgors and pawnees should sign written contracts and make pledge registration in the Trademark Bureau under the SAIC. The pledge registration application should be brought forward by both the pledgor and the pawnee. They can directly file applications to the Trademark Bureau, or entrust trademark agencies to do so. The foreigners or foreign enterprises that have no permanent residential places or working places should entrust agencies to submit pledge registration materials. The Provisions also regulate that when conducting pledge registration of exclusive rights of registered trademarks, the pledgor should register all the exclusive rights of the same or similar trademarks used for the same or similar commodities or services.

Besides, the Provisions also define the entity that takes charge of the pledge registration of exclusive rights of registered trademarks, the documents needed, the contents of the contract, and the removal, alteration, extension and logout of pledge registration.
                                                                                                Source: IPR in China