Judiciary

Stakeholders seek robust regulatory framework for intellectual property protection

Published

on


Some  investment stakeholders in Nigeria on Monday called for a robust regulatory framework for the protection of Intellectual Property (IP) to encourage productivity and enhance originality in businesses.


They made the call at the Second Annual Business Series of DOA Law Firm held in Lagos.

The session had the theme, ” Technology Investment in Nigeria and the Growing need for Intellectual Property Protection”.

According to the  Chief Executive Officer of Farmgate Africa, Mr Kenneth Obiajulu, intellectual property, more than ever, needs attention as regards  regulatory frameworks.

He noted  that IP included copyright, patent and trademark, which had been   subjects of infringement by individuals.

On the way forward, Obiajulu said that the regulatory frameworks must ensure adequate protection.

“The process involved in obtaining intellectual property protection must not be left to linger on forever, as you find that it sometimes takes as much as two years to get patent.

” I think it is super important for the regulatory frameworks to ensure that they get all of these IP protected in no time, as most businesses are eager to run with the aim of sorting out such issues much later.

“The regulatory frameworks must, therefore, strive to put this in place in quality time,” he said.

A lawyer, and Partner with KTA Advocates, Uganda, Mr Kenneth Muhangi, called  for a broadened IP framework to aid business administration.

“Investors can engage regulators in handling IP issues as we can see an increase in companies investing in technology.

“Intellectual property should be looked at broadly; there is a dire need to build up its scope and framework,” he said.

Managing Partner and Co-founder of DOA Law Firm, Mr Niyi Duale, highlighted steps for protection of Intellectual property.

According to him, a prospective owner of IP can approach the Trade Mark Registry and file an application to know the classes available.

According to him,  where the desired class of trademark is available, the registry issues a certificate of acceptance to the applicant to proceed with registration of the IP.

Duale said that issuance of such a certificate would make the intellectual property protected.

He urged investors and businesses to ensure  lawful application of intellectual property protection.

https://nnn.ng/stakeholders-seek-robust-regulatory-framework-for-intellectual-property-protection/

Nigeria @60: KNSG distribute items to VVF patients, children’s home Ministry pledges quality education for the girl-child Nigeria @60: LCDA chairman urges peaceful coexistence Ondo Governorship: 10 political parties to present consensus candidate Kogi to prosecute perpetrators of payroll fraud, says Gov. Bello Nigeria @60: ASUU tasks FG on 2009 agreement, payment of earned academic allowances Nigeria @ 60: Kebbi Govt. plans to build, distributes freely, 5000, 2-bedroom housing units Ex-MD of Daily Times unveils environment newspaper India congratulates Nigeria on 60th Anniversary Independence Anniversary: Speaker, Ekiti Assembly, Afuye, lawmaker congratulate Nigerians AfDB partners with FG, Microsoft to create 9m jobs in 10 years Primate urges political leaders to shun greed, make national interest a priority Sokoto Govt. to turn Almajiri issues into opportunities-Tambuwal 2 dead, 6 injured in Ogun auto crash Nigeria at 60: Kwara Speaker sues for peace, unity Nigeria at 60: SERAP, others urge strengthening of anti-corruption institutions Monarch urges Nigerians to support fight against terrorism Reflect on untapped potential, ANLCA president tells maritime stakeholders Nigeria @60: Nigerians react to economic growth projections of President Buhari World Bank, AGF rate Sokoto high on financial prudence, transparency – Official Unhealthy rivalry hinders effective healthcare delivery in Nigeria- Foundation COVID-19: FG/IFAD-VCPD train 960 farmers on financial literacy in Niger Nigeria @ 60: Institute urges FG to expedite action on national building code bill Nigeria at 60: Lawyers, rights activists task judiciary on justice delivery  COVID-19: PTF says 27, 000 travellers have entered Nigeria through Lagos, Abuja airports Nigeria at 60: Sen. Akpan lauds Buhari’s plan to lift Nigerians out of poverty Nigeria @60: Adewale Ayuba congratulates Nigerians, canvasses peaceful co-existence Gov. Ganduje restates commitment to complete ‎roads, critical infrastructure projects  Expert urges NERC to sanction investors for breaking rules of engagement Wike restates commitment to national unity NAWOJ rates Ganduje “most gender-sensitive governor”  Auchi Polytechnic denies rumoured death of Rector Independence Anniversary: FCT remains home to all -Minister Nigeria @60: ASUU says vibrant education system, good leadership way forward Experts task Nigerians healthy lifestyle against cardiovascular diseases India congratulates Nigeria says recent exchanges signifies strengthened relations COVID-19: NIDCOM holds webinar to address travel concerns of Diasporas’ Kwara Gov’s wife partners stakeholders on TB eradication Bayelsa Govt. pledges to tackle flooding, other environmental challenges — Commissioner Nigeria @60: Gov Lalong pardons five well-behaved prisoners FCT APC urges Nigerians to support FG Independence: Nigeria marks 60 years relations with Japan, hopes for improved relations UI VC Race: Olayinka reacts to allegations of irregularities, bias Why NAFDAC introduced e-registration -DG NEMA distributes relief materials to 186 windstorm disaster victims in Osun One injured in gas truck accident in Kubwa- FRSC Gov.’s wife not involved in Deputy Gov.’s nomination — Aide Nigeria @60: We need more prayers, not fanfare — Cleric Niger governor calls for emergency measures for flood-affected states Nigeria at 60: There’s much gain in united, indivisible nation – Ondo Assembly