Implementation of Geneva Conventions Act, 2012
R 385
Intellectual Property Rights from Publicly Financed Research and Development Act, 2008 (Act No. 51 of 2008)13. Intellectual Property Fund |
| 1) | There is hereby established an Intellectual Property Fund to be managed by NIPMO. |
| 2) | The purpose of the Intellectual Property Fund is to – |
| a) | provide financial support to institutions for the statutory protection and maintenance of intellectual property rights, subject to subsection (3); |
| b) | finance any costs incurred by NIPMO for obtaining statutory protection of the intellectual property; and |
| c) | finance any costs incurred by NIPMO when acting in terms of section 14. |
| 3) | An institution may recover the costs incurred in obtaining statutory protection for the intellectual property contemplated in this Act from the Intellectual Property Fund – |
| a) | to the extent determined by NIPMO; and |
| b) | on such terms as may be determined by NIPMO. |
