Registration of agreements on the alienation of exclusive rights and license agreements

According to the legislation of the Republic of Abkhazia, the right holder can grant another person permission (license) to use the object of intellectual property rights by concluding a license agreement or transfer fully or partially (sell) the rights to such object to another person, according to the alienation agreement.

Based on a license agreement, an exclusive or non-exclusive license may be issued.

Obtaining an exclusive license provides the licensee with a monopoly exclusive right to use the object of intellectual property and the licensor’s refusal to use it independently, which is the subject of a license agreement and its sale in the agreed territory at the agreed time.

Obtaining a non-exclusive license also gives the licensee the right to use the object of intellectual property in the agreed territory at the agreed time. However, this right is not a monopoly, and the licensor reserves the right to use the subject of the license agreement and grant licenses to other licensees.

The term for registration of a license agreement with the Patent Office of the Republic of Abkhazia is 1-2 months from the date of application.

 

When transferring rights to an intellectual property object, the alienation agreement is concluded partially or fully. The procedures for drafting and registering agreements on the alienation of exclusive rights and license agreements are specific in nature and are regulated by a number of legal acts. Our experts will always help to correctly execute and subsequently register an alienation agreement. The confidentiality of all information received during the paperwork on the preparation and registration of agreements on the alienation of exclusive intellectual property rights and license agreements is guaranteed on our part.

The term for registration of an alienation agreement is 1-2 months.