New Legislation In Ecuador

On October 11, 2016, the Ecuadorian Parliament approved the Organic Code for the Social Knowledge and Innovation Economy (a.k.a. INGENIOS Code). This Code intends to modify the way in which knowledge is generated, used and distributed in Ecuador, by changing the ways in which Universities and other institutes invest and manage their investigation and development departments, as well as their budgets.

Furthermore, a new legislation for IP has been included in this Code, derogating the previous one, in force since 2006.

Some of the changes include the creation of a register for ancestral knowledge, and regulate the use of said ancestral or traditional knowledge in the creation and distribution of new literary or artistic works.