Article 21
Acts and contracts
1. Deeds and contracts signed by the IPI, together with their revocation, rectification or
amendment, may be certified through private documents.
2. In the case of deeds subject to registration, private documents must contain recognition of the
signatures.
3. Documents through which the IPI formalizes any legal transactions, as well as documents it
has issued in conformity with the contents of the financial records of the IPI, may be enforced
against those shown by them to be debtors of the IPI, irrespective of any other formalities
required by law.
Article 22
Property
The property of the IPI shall consist of all the goods, rights and other assets it acquires in the
discharge of its duties through purchase, alienation or donation.
Article 23
Management tools
1. The management tools of the IPI shall consist of the following:
a) work and financial plans, both annual and multiannual;
b) annual budgets;
c) annual activity reports and annual accounts.
2. The accounts of the IPI must include an analytical component that ensures appropriate
budgetary control.
3. The IPI shall submit its management tools to the Minister responsible for approval.
Article 24
Revenue and expenditure
1. The following shall constitute the IPI’s own revenue:
a) the income from fees paid during the deposit and registration of patents, utility models,
industrial designs, marks, establishment names and emblems, logotypes, appellations of
origin, geographical indications and awards, and other amounts of a pecuniary nature that
may be assigned to it;
b) the proceeds from the sale of services or publications;
c) any other income that may be allocated to it by law or contract or for any other reason;
d) other amounts resulting from the alienation of its own assets.