Most Read Contributor in Cayman Islands, September 2016
As a key part of Cayman's improved intellectual property
laws, Government has created the Cayman Islands Intellectual Property Office
(CIIPO) to serve as a resource for individuals seeking
information on how to protect their original works, known as
intellectual property (IP).
CIIPO was created to provide information to the local and global
public about IP protection in Cayman, in the form of copyrights,
patents, trade marks, and design rights. It also will register
those IP rights that need to be recorded, as part of their legal
Minister for Commerce Wayne Panton noted that an updated
copyright law that expands the categories of creations that are
protected in Cayman was enacted on Thursday, 30 June. A new trade
marks law, revised patents law, and 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', he 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'.
In May, Government marketed CIIPO at The International Trade
mark Association (INTA) Annual Meeting in Orlando, Florida. As the
largest global association of trademark owners and professionals,
the event attracted more than 10,000 attendees, including trade
mark professionals and brand owners from major corporations.
Also that month, CIIPO had a booth at the Small Business Expo,
organised by the Cayman Islands Small Business Association with
assistance from the Ministry of Commerce. Held at the University
College of the Cayman Islands, CIIPO staff explained the importance
of IP to local commerce, and for foreign investment.
General Registry has oversight over CIIPO, in addition to
company registration and birth, marriage, and death records. To
learn more about protecting your IP, email CIIPO at firstname.lastname@example.org.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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As reported in the market updates section of this newsletter, the UAE Ministry of Economy recently reviewed the fees charged by its various departments, including the Trade Mark, Patent and Copyright Office.
As the technology industry is highly competitive and grows rapidly, organizations focus on reducing costs in a bid to strive to retain and/or gain the competitive advantage.
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