Intellectual Property office to help promote new regime
(CNS Business): As the new legal regime around trademarks, copyright, design rights and patents emerges in the Cayman Islands, government has created a new office to serve as a resource for individuals seeking information on how to protect their original works. The Cayman Islands Intellectual Property Office was created to provide information to the local and global public about IP protection in Cayman in the form of copyrights. It also will register those IP rights that need to be recorded as part of their legal protection.
Commerce Minister Wayne Panton said the recently updated copyright law expands the categories of creations that are protected in Cayman.
The next legislative change will relate to trade marks followed by the patents law, and the new design rights legislation will be presented to the Legislative Assembly in September.
“Modern IP legislation will improve our commerce framework by safeguarding creative works, which is an important part of doing business,” Panton said. “With local protection, designers, inventors and others in creative fields can benefit from their works with a greater peace of mind. Cayman also can attract investment interest as enhanced IP protection will encourage major international companies to register their rights here.”
Category: Local Business
