IPR Seminar on March 26, 2019

The Intellectual Property Rights Committee (IPR) of the American Chamber of Commerce in Uzbekistan (AmCham) hosted an “IPR and Startups” seminar on March 26 during Women in Science and Technology Week.
Companies invest significant resources for research and development, which contributes to the overall cost of the final product. In addition, significant resources are spent on marketing efforts. Consumers connect a corporate brand with a certain level of quality and reputation. Brands are protected by trademarks; the research and development costs invested in new products are likewise protected by patents, and creative works are protected by copyright.
During the March 26 seminar, lkhom Khamidov, intellectual properties (IP) expert and lecturer at the University of World Economy and Diplomacy and Tashkent State Institute of Law, provided the overview of Uzbek legislation regarding intellectual property rights for startups.
“According to S&P, the share of intangible assets [IP] in the market value of Fortune 500 companies steadily increased over the last 20 years to reach 87 percent in 2015,” said Khamidov.
Patricia Bovan Campbell, vice president and deputy general counsel of Salesforce, a company based in California, USA, also spoke at the seminar and provided an overview of the key IPR issues for startups. She spoke about the types of IP and the importance of IP ownership when starting a new business. At the end of her presentation, Patricia shared several IP registration mistakes that “killed the deals.”
Members of the Mirzo Ulugbek Innovation Center also presented during the seminar. The center assists startups with legislation issues.
“In the epoch of digital economics we move toward intangible assets,” said Alisher Hafizov, from the Innovation Center. “Therefore, it is highly recommended to identify relations and document all the details with your partners on the shore.”
The IPR Committee is chaired by Mukhammadali Makhmudov from the LegalMax Law Firm. Makhmudov moderated the seminar. The Q&A session that followed the presentations touched on questions about the application of international IPR laws with Uzbek practice, harmonization of Uzbek IPR legislation with international IPR standards, and other practical issues.
The AmCham IPR Committee is a public-private sector platform that works closely with the government of Uzbekistan (drafting legislation, providing recommendations) to improve IPR practices in Uzbekistan and to attract investors. As a result of this work, on December 26, 2018, President Mirziyoyev signed three bills into law joining Uzbekistan to three intellectual property right treaties. The treaties are:
1) The Geneva Phonograms Convention 1971,
2) The World Intellectual Property Organization’s (WIPO) Copyright Treaty 1996, and
3) The WIPO Performance and Phonograms Treaty 1996.
These three conventions strengthen the protection rights of sound recordings and creative works in the digital world including computer programs. Such agreements increase both public awareness and enforcement of intellectual property rights and move Uzbekistan into a fairer trading world.