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Intellectual Property Royalties and Licensing in Cyprus – A Tax Incentive

February 2012 - Intellectual Property. Legal Developments by Apostolou & Co. LLC.

More articles by this firm.

Intellectual Property rights refer to the legal rights of the individuals to own the intangible rights, in a similar form and manner as they would own physical property.

The public consultation on the amended Copyright Act

In its policy statement of 4 August 2010 the Government of the Czech Republic pledged to "continue to prepare amendments to the Copyright Act to ensure full harmonization of the Czech copyright law with European and international copyright in which the fundamental principle is balance of holders´rights and interests on one hand and users' rights on the other."

Intellectual property law in Cyprus

Intellectual property (IP) is an evolving field that affects the functioning of the world at large. Its range of influence in this world of evolution is immense, since it dominates areas of technology, social development and economic growth. It encapsulates a number of separate areas of creation. Article 2 of the World Intellectual Property Convention of 1968 defines IP as including: