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Foreword
In addition there exists legal protection against unfair competition.
Special administrative institution for the protection of intellectual property is Federal Office for Intellectual Property in Belgrade. This institution has tradition which goes back to 1921 in the Kingdom of Yugoslavia. The Office is authorized to proceed in matters concerning the grant, maintenance and cessation of industrial property rights, as well as to monitor the functioning of the system of copyright and neighboring rights. Foreign persons have the obligation to be represented before the Office by the domestic agent who has to be attorney in law or registered patent attorney. Comparing the amounts of administrative fees which have to be paid for the proceedings before the Office and for the maintenance of rights in Serbia & Montenegro and in other countries, Serbia & Montenegro administrative fees are relatively modest. For the infringement of intellectual property rights, civil and criminal sanctions are provided for. In Serbia & Montenegro civil court proceedings it is possible to claim preliminary injunction, multiple damage and compensation for immaterial damage. Laws governing companies and foreign investments provide for that assets
or part of company's property can consist of intellectual property rights
and know-how that is treated as separate accountancy item. |
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