Lebanon Introduces Revised Intellectual Property Regulations and Fees

Following the enactment of the new Budget Law no. 324, published in the Lebanese Official Gazette on February 15, 2024, revised fee structures for Intellectual Property Rights services have been implemented with immediate effect. Additionally, the decision has introduced new regulations, with key highlights as follows: The term of protection for trademarks has been reduced from fifteen (15) to ten (10) years. Consequently, all certificates issued from this point onward will indicate a protection period of (10) years. However, trademarks registered or renewed before the implementation of the decision will retain the former 15-year term until their next renewal, after which they will transition to the 10-year term. Penalty fees will now be levied for every two-month delay in any services related to license agreements. The new regulations will apply to all new and pending applications. This adjustment in fees is viewed as a significant measure by Lebanese authorities to stabilize the value of the Lebanese pound against foreign currencies amidst its ongoing depreciation.