Valuation and Commercialization of Intellectual Property Rights in Ethiopia
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Date
2016-01
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Addis Ababa University
Abstract
In the contemporary knowledge based economy, the contribution of intellectual property to
economic growth and business enterprise value, especially in developed countries is
increasing. Though the share of intellectual property rights to the country‘s economic growth
is not paramount as of today, the Ethiopian intellectual property system has prescribed and
protected patent, copyright and trademark. Valuation opinion on intellectual property rights is
necessary for collecting the appropriate income tax from related party transactions, awarding
infringement damages, preparing financial statements, assignment and licensing that
appropriate prescriptions are crucial to guarantee certainty. Assignment, securitization and
licensing are the usual legal vehicles to commercialize intellectual property. There are rules
that meant to govern such vehicles in the existing Ethiopian laws. The thesis examines the
adequacy of the existing rules on valuation of intellectual property for taxation, disclosure in
financial statements, intellectual property infringement damages determination, assignment
and licensing. It also evaluates the sufficiency of the rules on assignment, licensing and
securitization of intellectual property rights in Ethiopia. On the basis of the investigations, it
concludes that the rules on valuation and commercialization of intellectual property rights in
Ethiopia are inadequate in terms of existence, clarity or tenability and recommends specific
measures aimed at addressing these insufficiencies.
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Keywords
Intellectual Property Rights,of Intellectual Property