Industrial property bill has stringent measures to curb brand piracy

Nepal’s new IP bill promises fines, licence revocations, and product seizures to curb counterfeit culture.

The draft of the long-awaited Industrial Property Rights Bill proposes sweeping reforms aimed at curbing the rampant copying of patents, trademarks, and other industrial property rights in Nepal. The bill introduces harsh penalties, including the revocation of production licences and hefty fines, for those found guilty of infringement.