In the wake of the severe impact of coronavirus on many businesses in the country, the government issuing several relaxations in fees and fines paid by the companies to ensure a smooth flow of business.
In one such case, the Ministry of Economy under the Economic Relief measures issued Ministerial Decree number 20 of 2020 for a reduction in fees imposed by the Ministry of Economy to be discussed by Commercial Lawyers of Dubai in the following paragraphs. More specifically, the government has issued relaxation in fees in trademark services such as in registration of a particular trademark or enforcing trademark against other parties.
In spite of the fact that the charges identified with trademarks were at that point fundamentally decreased in July 2019, with the expense of enlisting a trademark in the UAE diminished by 33%, the UAE Ministry of Economy has executed further decreases to help people and organizations through this time and the subsequent market changes.
This declaration adjusts trademark official charges with universal gauges and thus, the UAE is not, at this point a costly nation to get trademark assurance. Following this Decree, the UAE Trademark office flowed a choice advising all trademark lawyers and enrollment operators about this significant decrease of charges which will apply to several distinctive trademark administrations.
Importantly, this reduction has brought charges similar to what it was in 2015. We believe it is one major step taken by the government to ensure the safety of business in such unexpected circumstances.
The UAE Ministry of Economy has diminished authority charges with the expectation that it will urge brand proprietors to accept the open door to improve their arrangement of protected innovation rights in the UAE.
By and large, the official expenses for indicting a trademark application, from documenting through to enrollment, has tumbled from AED 9,700 to AED 6,500 which is a general decrease of a further 33% since July 2019. Inside this cost, the enrollment charge has tumbled to simply AED 5,000 which is a half reduction in expenses from this time a year ago. So also reestablishment charges have profited by a half decrease in cost from this time a year ago.
This is without a doubt empowering for brand proprietors as those two administrations were viewed as the most noteworthy authority charges brought about during the trademark enrollment and support process.
The Decree likewise affirmed charges comparable to Industrial Property, for example, Patents and Know-How, and has acquainted Official expenses with run and permit Collection Societies that oversee copyrights. The official charges to record copyrights stay negligible and it is controlled by the Decree to be (50 AED for recordable of copyright by people) and (200 AED for recordable by Legal substance). The official expenses for starting authorization activity for Copyrights stay negligible and this should encourage copyright proprietors to implement their privileges authoritatively before the Ministry of Economy.
The charges to hold up a copyright encroachment case is (100 AED for copyright claimed by people) and (350 AED for copyrights possessed by Legal Entities). The official charges comparable to Industrial Property arraignment, for example, Patent assessment and reevaluation official expenses were remembered for the Decree to be 7,000 AED for assessment of patent and AED 5,000 for Amendment/reconsideration of Patent.
Restoration of Industrial structure and model assurance is additionally decided at 1,000 AED for singular proprietors and 2,000 AED for lawful substances' proprietors. The recordable of Know-How License or agreement has been additionally remembered for the Decree at 200 AED for singular proprietors and 400 AED for legitimate substances' proprietors.
This should bolster the insurance of Know-How as far as business and acquire official acknowledgment for such rights and simplicity of authorization.
What is the full list of fines for money laundering in the UAE? Dr. Hassan Elhais
The UAE Ministry of Economy has announced the list of penalties for violations of the laws relating to money-laundering and terrorism financing.
Can I Appeal Against an Arbitration Award?
Arbitration is best described as a cost-effective alternate dispute resolution process, which assists in smoother business relationships without incurring the rigidity of court proceedings. To address many of the pitfalls of the arbitration process and to bring the UAE arbitration process in tune with the best international standards, the UAE enacted Federal Law No. 6 of 2018 on ‘Arbitration’ and its amendments (“Arbitration Law”).
Commercial leasing and breach of contract punishments
In legal terms, a lease agreement can be defined as ‘a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment’. A ‘commercial lease agreement’ constitutes a written lease agreement whereby a landlord agrees to lease his commercial property to another person or entity for a given business purpose and specified time period.
