Overview Of Certain Changes To Russian Legislation In March 2014

CIVIL LAW

The Federal Law dated 12 March 2014 № 35-FZ introduces amendments to the provisions of the Parts 1, 2 and 4 of the Civil Code of the Russian (the Civil Code) and other regulatory acts of the Russian Federation regarding the rights to results of intellectual activity and means of individualization.

Most of the amendments become effective from 1 October 2014, in particular:

• the right of persons holding jointly an exclusive right to an intellectual property object to enter into agreement regulating the procedure for disposal of such right;
• the imperative rule under which proceeds from joint disposal of an exclusive right should be distributed equally among the right holders;