First comprehensive set of regulations to boost protection

First comprehensive set of regulations to boost protection


Shenzhen in South China's Guangdong province will roll out a new set of intellectual property protection regulations in the near future, with the draft expected to be submitted to the standing committee of the city's legislators at the end of this month for preliminary review.
Once released, it will be the first set of comprehensive IP protection regulations in China, local media reported.
The highlight of the draft regulations is that it sets a floor limit for damages in IP infringement cases, said Ai Yong, a member of Shenzhen's political consultative conference, the city's top political advisory body.
In a patent or copyright infringement case, the minimum damages would be 100,000 yuan ($14,470), and in a trademark case, violators found guilty will need to pay at least 50,000 yuan in damages, according to the draft.
Source: China daily


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