Ownership Rights

The production of different products and the creation of innovations are big risks. Since other competitors may steal ideas when designing innovation, there is a patent to prevent this.
In order to protect a business from uncertainty, it is necessary to understand your rights and know the laws of the property.

Having control over entrepreneurial activities is the responsibility of the state bodies, local self-government bodies, and other administrative bodies regulated by the legislation of Georgia, which is intended to inspect an entrepreneur’s financial and economic activities, verify the performance of the obligations, determine if the activity of an entrepreneur complies with the legislation of Georgia, detect violations in the activity or impose an appropriate sanction.

Law of Georgia on Licenses and Permits – For the purpose of this Law, control shall not be the issuance of a license, permit or certificate under the legislation of Georgia, or making a decision on authorization, request of a certificate in the distribution network and drawing up of a respective report; also, activities carried out to verify the fulfillment of international treaties of Georgia in the field of environmental protection, fulfillment of requirements for usage of natural resources and other environmental requirements, activities under agreements and licenses related to oil and gas resources.

Source

Law of Georgia on Licenses and Permits –  For the purpose of this Law, control shall not be the issuance of a license, permit or certificate under the legislation of Georgia.

Patent

An invention patent is a document issued by a state patent holder confirming its exclusive right to an invention.
The patent for an invention shall be granted only if the technical solution is new, industrially applicable, and of an inventive level.

A patent grants an inventor the right to enjoy and benefit from his invention for a certain period of time in the country where the patent was filed, in accordance with the laws of that country.
In particular, the patent grants its owner the exclusive right to prohibit other persons from producing, selling, offering for sale, using, importing or otherwise engaging in a civil proceeding without the express permission of the patent, the use of the patent or the sale of the patent, and also directly obtained patent protection: product selling, use, import or other market circuit.

A patent holder may grant a license to another one to use a patent under mutually agreed terms.

A patent-pending technical solution that is publicly available, along with the exclusive right of the patent owner, encourages competitors to seek alternative solutions and create new inventions on an existing basis.
This impetus and widespread dissemination of invented knowledge fosters the pursuit of further innovations that systematically improve human living conditions and increase the well-being of society.

A useful model is an object similar to the invention; it relates to the device, method and their new intended use.

The utility model has less stringent requirements than the invention with respect to patentability criteria, reduced application processing timeframes, and simplified procedures. The validity of a utility model patent on the territory of Georgia is 10 years.

A utility model patent can be applied in the same way as a patent for an invention.

Limited liability company

According to Georgian legislation, there are several legal forms for entrepreneurial activities. These include sole proprietorship, solidarity, limited liability company, joint-stock company and cooperative.

It is easy to register and it can be established by several people or only one person. in this case, the company founder and director and representative authority are the same.
The Founding Lender is not liable to its creditors, hence the name is Limited Liability Company; liability is limited to LLC property as opposed to other legal forms of business entities.
There is no need for charter capital to register an LLC;
The legislator empowers the founder to determine for himself the form of governing by statute, governing body, and other important matters.

LLC is a legal entity and as independent rights and obligations, it is necessary to register in the business register, since the action taken before registration is not considered to be a public undertaking.

There are often questions about LLC taxes. LLC pays employees’ income tax in accordance with their salaries. At the end of the year, it establishes an annual balance sheet by income and expense and if the income exceeds expenses by 20% of its difference, it represents a profit tax.

In addition, if the annual turnover of the LLC exceeds 10.0000 GELs, the LLC is registered as a VAT payer and is obliged to pay the relevant VAT tax on a monthly basis.

Copyright

Copyright is non-property and personal property rights arising out of the creation and use of works of science, literature, and art.

Copyright applies to works of science, literature, and art that are the result of intellectual-creative activity, regardless of the purpose, the avatars, the genre, the volume, the form and the means of expression. The copyright also applies to the work, which exists in an objective manner, regardless of whether it was published or made public.

The right to authorship, name, work, and respect for reputation is valid for a lifetime. Copyright is valid for the life of the author and for 70 years after his death. The right to a work whose publication or public disclosure has been pseudonymous or anonymous has been in force for 70 years from the date of the fact of co-authorship, and the copyrighted work is valid for the life of each co-author and 70 years after the death of the last co-author.
The copyright does not apply to:
Ideas, methods, processes, systems, tools, concepts, principles, discoveries and facts, even if they are expressed, described, explained, illustrated or embodied in the work.
Official documents (laws, court decisions, other administrative and statutory texts), as well as their official translations
Official State Symbols (Flag, Coat of Arms, Anthem, Awards, Money Marks, Other Official State Signs, and Symbols)
Information on facts and events