The bill, which was discussed at second reading, proposes amendments to seven laws and four codes. One of the key changes would regulate the use of property rights to intellectual property as collateral and strengthen the legal framework for registering such rights with the state.
The bill would also expand patent attorneys’ powers to formalize agreements involving intellectual property and represent rights holders in related matters. The changes are expected to simplify registration procedures and reduce unnecessary administrative requirements.
The proposed legislation would make it possible for owners of inventions, trademarks and other intellectual assets to use their property rights as collateral. This would allow them to leverage the economic value of their intellectual property to attract financing and support business development.
According to lawmakers, the changes would help bring intellectual property more actively into economic circulation and develop mechanisms for its commercialization.
The bill was approved at third reading and sent to the Senate for consideration.
