DIFC has a new inteleectual property law to take effect today
DIFC UAE

The new DIFC Intellectual Property Law takes effect today

DIFC announces a newly-enacted intellectual law which will take effect today.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, enacted a new DIFC Intellectual Property Law, Law No. 4 of 2019, yesterday. This law aims to govern the enforcement of intellectual property rights in the Centre to protect the intellectual property rights of DIFC entities and create a safe environment for creativity and innovation within the Centre.

The proposed Law covers Patents, Utility Certificates, Industrial Designs and Drawings, Copyright, Trademarks, Trade Names and Trade Secrets in line with international treaties and best practices.

The key aspects include: recognition of the UAE registered Trademarks, Patents, Utility Certificates, Industrial Designs and Drawings; the rights afforded to each type of intellectual property rights and the limitations to such protection; determining ownership of Patent and Copyright in employment relations; creation of the office of the Commissioner of Intellectual Property who is responsible for the administering the proposed Law, resolve disputes and impose fines; sanctions and remedies for intellectual property infringement; and jurisdiction of the Commissioner of Intellectual Property and the DIFC Court in infringement cases.

The new law was subject to substantial research and global benchmarking, as well as thorough public consultation, which helped shape the law to ensure that the DIFC remains the most sophisticated and business-friendly Common Law jurisdiction in the region.

SOURCE

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.