Kazakhstan has approved the Intellectual Property Act.

This regulatory act aims to strengthen the protection of intellectual property and ensure rights through the application of modern legal standards based on advanced foreign experience. Together with the previously adopted AIFC Rules "On Venture Studios," it opens unique opportunities for businesses in the creative industry to utilize the infrastructure and legal system of the financial center for the implementation of innovative projects.

The AIFC Act "On Intellectual Property," along with the AIFC Rules "On Venture Studios," allows creators and innovators to safeguard their intellectual assets while providing investors with added confidence in financing innovative projects. The dual focus on protection and promotion underscores the AIFC's mission as a catalyst for the development of the creative economy, reinforcing its role as a global center for innovation, collaboration, and investment.

The key provisions of the new AIFC Act include:

The innovations involve an expansion of the definition of patent rights infringement, including indirect actions such as incitement to infringement or assistance in it, as well as the possibility of resolving infringement disputes in the AIFC Court and the International Arbitration Center. Additionally, the Act contains provisions regarding intellectual property created by employees during their employment. This ensures a balance between the rights of employers and fair compensation for employees.

For more detailed information about the document, you can visit this link: AIFCIntellectualPropertyRegulations