Chile has a highly developed method of protecting intellectual property rights. It is important to notice that the first law concerning patents was enacted in 1859 and in 1931 a comprehensive law on patents, industrial designs and trademarks came into effect. In 1991, Chile became a member of the Paris Convention and in the same year, a new IP Law, No.19.039, was enforced, including important matters related to patents, utility models, industrial designs and trademarks. In 2005 new and important modifications were made to the IP Law, mainly to comply with the Free Trade Agreements (FTA) signed with the US and the European Union. And in June 2, 2009, Chile officially became a Patent Convention Treaty (PCT) member. Then in February 2012, the Industrial Property Law had a new modification made to comply with the PCT and the Trademark Law Treaty (TLT), where it was eliminated the requirement of legalization for Power of Attorneys and Assignments documents.