President ratifies bill to protect intellectual property rights
Parliament passed the bill on Monday.
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President Mohamed Muizzu on Tuesday ratified the Trademark Bill, which establishes a legal framework for trademark registration and protection in the Maldives.
Parliament passed the bill on Monday.
The bill, submitted by Madduvari MP Ahmed Zahir on behalf of the government, aims to create a structured system for registering trademarks, define the rights of trademark holders, and set out procedures for addressing infringements.
The Economic Committee reviewed the bill and forwarded it to the full Parliament with minor amendments. During the committee stage, members introduced several changes, including clarifying definitions and refining certain provisions.
One of the main amendments allows trademark owners to apply for an extension within six months after the expiry date. Under the original draft, the renewal had to be submitted before expiration. The validity of a registered trademark will now be extended for 10 years if renewed according to the rules.
Following these changes, the bill was passed with 63 votes in favour. No members voted against the legislation.
According to the provisions of the bill:
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A trademark refers to any sign capable of distinguishing one person’s goods or services from another’s.
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The right to a trademark is granted to the first person to file a valid application and establish ownership.
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The owner of a registered trademark has the right to prevent others from using identical or similar marks without authorisation.
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In cases of infringement, the trademark owner may seek compensation and pursue legal action in court.
