kohli
The Patent, Design, and Trademark Act of 2022 in Nepal establishes comprehensive legal frameworks aimed at safeguarding intellectual property through patents, trademarks, and designs. These regulations are designed to promote innovation, protect the rights of creators, and stimulate economic development. The following outlines the essential provisions for each category: Patents Definition and Eligibility: A patent … Read more
The Patent, Design, and Trademark Act of 2022 establishes a robust legal framework for the protection of patents in Nepal. Its primary objective is to foster innovation by granting exclusive rights to inventors, thereby safeguarding their creations from unauthorized exploitation. The following outlines the specific legal provisions concerning patents as stipulated in this Act: Definition … Read more
Nepal has implemented several important initiatives to align its intellectual property (IP) framework with the global standards established by the TRIPS (Trade-Related Aspects of Intellectual Property Rights) Agreement. These initiatives are designed to safeguard intellectual property rights, foster innovation, and promote equitable economic practices. The following are five key aspects of these initiatives: Enhancement and … Read more
Foreign investment denotes the influx of capital, resources, and expertise from external individuals, corporations, or governments into a nation. It is essential for enhancing a country’s economic development, industrialization, and infrastructure advancement. In Nepal, foreign investment manifests through various means, including equity investments, reinvestment of profits, loans, or the transfer of technology aimed at bolstering … Read more
The Foreign Investment and Technology Transfer Act, 2049 B.S., represents a significant legislative advancement in Nepal, designed to attract foreign capital and promote the transfer of technology. This Act establishes a comprehensive framework for foreign investors while ensuring that the country reaps the benefits of advanced technologies and economic development. It focuses on enhancing economic … Read more
The contemporary landscape is significantly influenced by intellectual properties (IP), which are essential in promoting innovation, driving economic expansion, and advancing technology. Intellectual property rights (IPRs) safeguard the creations of the intellect, including inventions, artistic expressions, designs, and brand identities, thereby becoming fundamental to societal development. This assertion holds true, as IP is a key … Read more
The Industrial Promotion Board (IPB) is a governmental entity established to facilitate and oversee industrial development in Nepal. It serves as a pivotal organization in the creation of policies and strategies designed to attract both domestic and foreign investments, thereby promoting industrial growth and sustainability. Objectives of Industrial Promotion Board (IPB) The IPB is guided … Read more
A Negotiable Instrument(NI) is a formal document that ensures the payment of a predetermined sum of money, either upon request or at a designated time, with the ability for the payee’s name to be transferred through endorsement or delivery. This instrument is essential in promoting trade and commerce by guaranteeing secure financial exchanges. Characteristics of … Read more
Anti-Money Laundering (AML) encompasses a framework of laws, regulations, and procedures aimed at preventing individuals from concealing illegally acquired funds as legitimate earnings. This initiative operates on a global scale, targeting financial crimes such as corruption, drug trafficking, terrorism financing, and tax evasion. Objectives of AML Key Features of AML Implementation of AML in Nepal … Read more
The Industrial Enterprise Act, 2073 B.S. represents a crucial legislative framework established by the Government of Nepal to oversee and foster the development of industrial enterprises. Its primary objective is to cultivate a favorable investment climate, stimulate industrial advancement, and ensure sustainability while protecting the rights of all stakeholders involved. The following outlines the major … Read more