The Guam Patent Agreement is a legal agreement that governs the protection of intellectual property rights in Guam, a U.S. territory located in the western Pacific Ocean. It ensures the recognition and enforcement of patents granted by the United States Patent and Trademark Office (USPTO) within the territory. Under the Guam Patent Agreement, patents issued by the USPTO are automatically extended to Guam, providing patent protection to inventors and businesses within the territory. This agreement enables individuals and companies in Guam to assert their patent rights and seek legal remedies for any infringement that may occur. There are two main types of Guam Patent Agreement: 1. Provisional Patent Agreement: This agreement allows inventors to file a provisional patent application to secure an early filing date for their invention. It establishes a temporary patent protection, giving inventors 12 months to further refine their invention and file a regular patent application. 2. Regular Patent Agreement: Once the provisional patent is filed, inventors can proceed to file a regular patent application. This agreement grants inventors exclusive rights to make, use, and sell their invention for a specified period, typically 20 years from the date of filing. The Guam Patent Agreement serves as an essential tool for inventors and businesses in Guam, encouraging innovation, protecting their intellectual property, and fostering economic growth within the territory. It provides inventors with the necessary legal framework to safeguard their inventions, preserve their market advantages, attract investments, and commercialize their inventions with confidence.