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Bahamas Intellectual Property

Intellectual Property law or IP law as it is more often referred to is the Legal entitlement in connection with creative ideas and works such as literary works, artistic works, designs and inventions. The purpose of the Bahamas Intellectual Property law is ultimately to encourage innovation and creativity by protecting the works of the individual and giving it commercial value. Theft of a person’s idea or copying of a person’s work is not generally taken as seriously as theft of a person’s TV or phone, hence the need for IP law to protect this.

The World Intellectual Property Convention of 1968 defines IP as including;

- Literary, artistic and scientific works
- Performances of performing artists, phonograms and broadcasts
- Inventions in all fields of human endeavour
- Scientific discoveries
- Industrial designs
- Trademarks, service marks and commercial names and designations
- Protection against unfair competition, and
- All other rights resulting from intellectual activity in the industrial, scientific, literary or artistic fields

The Bahamas is a member of the World Intellectual Property Organisation and therefore party to all the treaties entered into which they administer as well as various IP related Multilateral Treaties and party to regional treaties.

The Bahamas have several laws in connection with intellectual property, yet despite this they recognise the importance of IP protection in today’s society and how modern development dictates that it is not enough just to have the laws there, they have to be constantly reviewed and updated if you are to compete in this environment. With this in mind the Bahamas have issued press releases announcing forums which were held around the island to discuss new drafted legislation in connection with intellectual property. Once all formalities are concluded and the new legislation passed this will mean that the Bahamas will have the most current IP law of any jurisdiction.

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