Saudi Authority for Intellectual Property Signed a Memorandum of Understanding in the Field of Intellectual Property With South Korea

The Saudi Authority for Intellectual Property signed a Memorandum of Understanding with the South Korean Intellectual Property Office on joint cooperation in the protection of intellectual property rights on the sidelines of the 58th General Assembly of Member States of the World Intellectual Property Organization in Switzerland.

The memorandum was signed by Dr. Abdul Aziz Bin Mohammed Al Swailem, Executive Chairman of the Saudi Authority for Intellectual Property and Mr. Kim Tae Man, the Korean Commissioner for Korean Intellectual Property Office in the Republic of South Korea. The signing of this Memorandum is a reference to the Council of Ministers Resolution No. 590 approving the talks with the Republic of South Korea, in order to deepen the friendship between the two countries and enhance cooperation in the field of intellectual property.

The Memorandum of Understanding aims to establish a general framework for intellectual property cooperation activities between the two parties in accordance with the laws in force in the two countries, on the basis of equality and mutual benefit between them, and the development of automation systems, including the development of workflow mechanisms, information systems and administrative processes. This is done through the exchange of information on the policies, strategies and plans of the parties related to automation systems, as well as the development of the licensing program for intellectual property agents of the Authority.

The Memorandum of Understanding also aims to enhance bilateral cooperation between the two sides in areas of mutual interest, in accordance with their respective mandates, to support the environment of creativity and innovation within the two countries, to increase coordination and synergy in order to increase public awareness and enhance the knowledge of the community on the content and applications of intellectual property, and exchange of experiences in the fields of intellectual property and cooperation in the conduct of studies and research in fields and topics of common interest.

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