What Is Intellectual Property?
A business organization is represented by a symbol or a logo that speaks to the ultimate customers. They are human mind fabrications that are used in business. They are intangible in nature but holds the business reputation in itself. Now, intellectual properties have been classified into different categories:
A recognizable design that helps in the identification of a product or service from its competitors.
An authority or license for a right provided for a limited duration, and is mainly related towards the invention of a new product or service.
Mainly used to protect artistic or literary works.
4. Domain Name
Here, the domain name of any company or business is protected. No two business can possess the same domain name in the world of today’s online business.
Here, logos, symbols, industrial designs, designs of integrated circuits hold the design category.
Intellectual Property Rights in Georgia
The intellectual property rights in Georgia have been framed according to international standards. In Georgia, six laws regulate the Intellectual Property Rights. They are:
- Law on Patents
- Law on Trademarks
- Law on Copyrights and Neighboring Rights
- Law on Appellation of Origin and Geographic Indication of Goods
- Law on Topographies of Integrated Circuits
- Law on IP-Related Border Measures
Sakpatenti – The National Intellectual Property Organization of Georgia
Georgia is a core partner in terms of the international agreements in the field of Intellectual Property. Sakpatenti is the national body that looks into intellectual property enforcement in Georgia. The Georgian law sets licenses related to the intellectual property and the matters are presented before Sakpatenti and the National Court of Georgia.
Sakpatenti joins WIPO CASE Platform
On 26th July 2018, Sakpatenti joined the World Intellectual Property Organization (WIPO) CASE (Centralized Access to Search and Examination). The patent offices will be able to securely share search and documentation that are related to patent applications.
Time Period of Protection for Intellectual Property in Georgia
Intellectual property in Georgia does have a duration for its protection. Let’s have a look:
|Intellectual Property Type
||Duration until Expiry
Time Period for Domain Name Registration in Georgia
Fee Structure for Intellectual Property in Georgia
|Examination of trademark
|Substantive examination of a collective mark
|Renewal of trademark for 10 years
|Renewal of collective mark for 10 years
|Issue of a certified extract from the Registrar
|Registration, issue of the certificate, publication of accelerated procedures of trademark
Domain Name Fee Structure in Georgia
The domain name fees in Georgia are as follows:
||Free of Charge
|Change of Owner
Why Does a Business Need Intellectual Property Services?
Intellectual properties act as a front-face for any business. The symbol or logo carries the brand value within itself. These intangible properties set an impression in the minds of the customer and make it easier for them to identify them from the competitors. It also helps in building more loyal customers.
Benefits that can be obtained by Availing Intellectual Property Rights
Intellectual Protection Rights (IPRs) are legal rights that a company possess on its creations. When an organization avails for IP Rights, the organization becomes eligible to enjoy certain benefits. Let’s have a look at some of them:
- The creativity of business is protected
- The business can legally hold a right to its intangible assets
- At times, these assets can be used for monetization
- It helps in building the brand value in the minds of the customers
- Market share can be captured at a faster rate
- Goodwill of an organization gets enhanced
Who We Are
Business Setup Worldwide is a global business consultant that acts as a guide in establishing business entities. BSW helps in dealing with the complexities that come along with the business establishment process by providing tailor-made solutions for each business. Ranging from accounting and taxation services to legal procedures, we look into all the important aspects that act as a base for any business.
At Business Setup Worldwide not only help you in company formation or any specific domain, but we provide a broad spectrum of services. Our business experts act as a guide that takes the responsibility of building your business foundation from the very scratch and works step-by-step to give its corporate identity.