Legal system for patent mortgage

Abstract

    A patent is considered an intangible movables with great material and moral value. Therefore, patent owners resort to mortgaging is due to its high credit value. Since it is an intangible movable that is difficult to possess. It is mortgaged by registering it in a special register for the mortgages placed on it. The Jordanian legislator has also introduced a new form of a movable mortgage applies on patent mortgage. It is a mortgage through declaration in a special register as a mortgage devoid of possession.

This study concluded that the moral nature of the patent is what made advertising the ideal means through which others are informed of  the mortgage on the patent, and accordingly advertising is one of the special conditions for mortgage of the patent.

 This study recommended several recommendations, the most important of  which was the necessity of imposing a penalty on the mortgagor debtor in the event that he used it in a way that reduces its material value with the intention of harming the mortgage creditor. 

Keywords: patent, patent mortgage, declaration the mortgage.