The Study of Legal Aspects of International Exchange Market of Intellectual Property Comparing with the Iranian Market

Document Type : Research Article

Authors

1 Assistant Professor, Qom University, Qom, Iran

2 Ph.D. Student in Private Law, Farabi Campus, University of Tehran, Qom, Iran

Abstract

The International Exchange Market of Intellectual Property, located in United States, is the first world financial exchange market based on transferring intellectual property rights and commercialization of IP assets. This organization which is founded on two vital principles, i.e. transparency and efficiency has provided an exchange market for trading IP assets via their standardization and market values. Thus, in such a market obtaining fair and reasonable prices of IP assets are achievable in a free market. Therefore, right holders and intellectual property owners could easily attain their contractual terms in timely and costly manner. Although there are some similarities between Iran Fara-Bourse Company established as an Intellectual Property Market and international IP exchange market in terms of the goals and principles, there are remarkable differences between them in respect of their scope and transaction methods. Furthermore, Iran IP market has certain limitations in its subject that an amendment to the legislation could improve such a market.  

Keywords


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