INTELLECTUAL PROPERTY

In the present context, Intellectual Property (IP) is the most valuable asset of any business. Recognizing the significance of IP in modern day’s economy, Nepal has been seeing a rise in measures of IP protection.

Copyright Act, 2059 (2002 A.D.) and Patent, Design and Trademark Act, 2022 (1965 A.D.) are the primary legislation ensuring IP protection in Nepal. Since Nepal is a signatory to numerous multilateral IP treaties such as Paris Convention for the Protection of Industrial Property, 1883, the Agreement on Trade-related aspects of Intellectual Property, 1995, and Berne Convention for the Protection of Artistic and Literary Works, 1886, Nepal is mandated to protect IP rights ensured by such treaties. Nepal is also a member of World Intellectual Property Organization (WIPO), a global forum for IP services, policy, information and cooperation.

We, at Lex Advisers, are well positioned to offer our clients the full range of services relating to intellectual property. Our services are structured around your needs and challenges which extend beyond traditional IP protection to the development and execution of strategies and methods for protection and growthof client’s IP assets. Under the IP protection umbrella, the service includes following aspects:

a. Registration and compliance
Nepal being an observer to first-to-file trademark regime, ensures trademark rights only upon the registration of the trademark. Similarly, IP regime in Nepal generally requires registration of IP to recognize the rights. Here at Lex Advisers, we have an experienced team who excel not only in IP registration but also in claiming rights over well known trademarks and assisting clients with compliance to the regulatory bodies under the Nepali IP law. Under the compliance service, we represent the clients at government offices as well.

b. Documentation and transaction
We render our clients with effective assistance in IP licensing, IP due diligence in business transaction, and negotiating, drafting, reviewing and finalizing the IP contracts and documents required to close your deal.

c. Negotiation, Protection and Dispute Management
At Lex Advisers, for IP protection, we offer assistance to our clients in IP-related dispute management including representation in IP litigations, arbitration and negotiations including sending take down notices against the concerned.

For more information, please email us at info@www.lexadvisers.com for detail on our scope of service and practice details.