A new register of intellectual property rights may soon be established under Rospatent, containing industry-average royalty rates for the use of registered IP.
According to reports, the draft Government Resolution has been prepared by the Ministry of Economic Development.
Key points:
According to the head of Rospatent, this initiative aims to stimulate Russia’s IP market, which will enable start-ups to attract new sources of financing.
We’ll continue monitoring how this initiative evolves!
#patents #intellectualproperty
According to reports, the draft Government Resolution has been prepared by the Ministry of Economic Development.
Key points:
- A new online service is expected to be launched to calculate royalty payments for the use of registered intellectual property rights.
- The valuation of usage rights will not be carried out by Rospatent itself, but by independent appraisers engaged for this purpose.
- The royalty values recorded in the register will serve as non-binding benchmarks, not as mandatory rates for right holders.
According to the head of Rospatent, this initiative aims to stimulate Russia’s IP market, which will enable start-ups to attract new sources of financing.
We’ll continue monitoring how this initiative evolves!
#patents #intellectualproperty