Sharjah International Commercial Arbitration Centre, Emirates Intellectual Property Association sign MoUPublish Date :
The Sharjah International Commercial Arbitration Centre (TAHKEEM)) has signed a Memorandum of Understanding (MoU) with the Emirates Intellectual Property Association to ensure cooperation and exchange of expertise between the two sides, at the Sharjah Chamber of Commerce and Industry.
The MoU was signed by H.E. Mohammed Al Shehhi, Member of the TAHKEEM Executive Committee and H.E. Major General Dr. Abdul Quddus Abdul Razzaq Al Obaidly, Chairman of the Emirates Intellectual Property Association, in the presence of H. E. Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry and H.E. Mohamed Ahmed Amin as Director-General of the Sharjah Chamber of Commerce and Industry and number of executives from both sides.
The Memorandum places a priority for forging a solid partnership to achieve the UAE’s vision towards ensuring social welfare and decent living for Emiratis and residents alike through promoting legal awareness and arbitration and strengthening protection of intellectual property rights.
The MoU also seeks to establish an effective framework to ensure mutual benefits, in addition to accelerating the development of an integrated system of communication between the two parties to optimise services and performance.
Commenting on the development, H.E. Mohammed Al Shehhi expressed his delight for the signing MoU, which he described as a step forward on the path towards enhancing intellectual awareness in society in line with TAHKEEM's vision to spread the culture of arbitration across various professional, commercial and industrial circles through constructive cooperation with various local and international departments at both the public and private sectors.
Al Shehhi underlined the great role played by TAHKEEM in particular and arbitration in general "in resolving disputes related to intellectual property rights before they escalate to court litigation thanks to the highly qualified and efficient arbitrators boasted by the Centre to address such types of disputes."
For his part, Major General Dr. Abdul Quddus Abdul Razzaq Al Obaidly said that the MoU will boost awareness and highlight the importance of protecting intellectual property rights across all sectors of society.
"The MoU will ensure availability of technical, legal and administrative expertise in this area to serve all segments of society, which will reflect positively on the economic, social and legal development drive efforts and maximise social benefits," he added.
The MoU stipulates a number of points, the most important of which are ensuring cooperation on streamlining procedures, and accelerating the exchange of knowledge and technical expertise at all levels.
It also includes holding of periodical meetings between the two sides to review the implementation of programmes agreed upon through the memorandum and participate in the preparation of draft laws of common interest.
The memorandum also suggests holding of joint seminars and meetings to promote legal awareness in addition to joint workshops and training courses to serve the purposes of this memorandum, and the formation of joint task forces to achieve the set goals.