A patent owner shall pay the following fees to Intellectual property office of Mongolia (IPOM) in order to maintain the validity of their patents:
- 10000 MNT /~ 3.77 USD/ for the 1st three years;
- 20000 MNT /~ 7.54 USD/ for the 4th-6th years;
- 30000 MNT /~ 11.31 USD/ for the 7-10th years;
- 40000 MNT /~ 15.09 USD/ for the 11th-15th years;
- 50000 MNT /~ 18.86 USD/ for the 16th-20th years.
The payment for the patent validity of 1st three years shall be paid within 6 months after the decision on the issuance of patent, and the payment of further fees are to be paid 6 months prior to the commencement of the preceding fee payment. In case the patent owner failed to make the payment on time, the IPOM may grant an additional 6 months and in such case the patent owner shall pay additional fees equivalent to the non-paid duration fee.
The IPOM is entitled to invalidate the patent in case of non-payment of fees within the additional 6 months. However, if the patent was invalidated on the grounds of failed payment, the patent may be renewed upon the request of patent owner within the general valid term of the patent (20-50 years).