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                                             . ~.   ~
:::.,
        Building and entorcing inteUectual property value
        An international guide for the boardroom 2003

        Editor     joff Wild (jwild@globewhirepage.coG,

        Managing       editor       Adrian Preston

        Cover design           Fran Lane

        Production           Language     by Design

        Associate      pubiisher         Steven     Evans

        Publisher      Gavin Stewart          (gstewart@globewhitepage.com)

        Publishing      directors        Tony Harriss. Nigel Page

        Printing & binding              Garden    House Press Ltd


        Buíldíng     and enforcing           intel!ectual   property      value
        An international          guide      for the boardroom         2003

        is published      by


        Globe White Page
        One Cathedral Streec
        London Bridge
        London SEl 9DE
        United     Kingdom

        Tel +44 20 72340606
        Fax +44 20 7234 0808
        Email      info@g{obewhitepage.com


        www.globewhitepage.com


        First published 2002
        ISSN 1478-8462


        Building aná enfoTcing inteHectual   property   value
        An international  guide for the boardroom     2003
        © 2002 Gobe White Page


        No photocopying:           copyright      licences do not appty

        DISCLAIMER
        This pubUcation         is written     as a genera( guide onty. It should       not be relied upon as a
        substitute for specific (egal and/or other professional advice. Professional advice should
        a(ways be sDught Defore taking any action based on the information        provided. Every
        effort has been made to ensure that the information     in this guíde is correct at the time
        of publication.

        The publishers         and authors       stress that this publication     does not purport    to provi de
        investment      advice, nor do they bear the responsibility               for any errors or omissions
        contained      hereín. The views expressed           ín the artic1es contained      in this publication     are
        those    Df the authors.        Copyright     in the individual    chapters   rests with their authors.




        GLOSE
        INHITE     P."'.GE
MANAGtNG tNTElUcrUAL          PROPElUY ASSETSIN      BR-121L




copyríghts deveIoped under an employment or contractual                               Planning
relationship wiII be owned by the hiring party unless the                             Effecrive management af yaur intelleetual property rights
agreement provides otherwise.                                                         reqmres special atrention aud a number of preventive and
                                                                                      enforcement efforts. Taking the proper acriou 'YiUminimise the
Copyright infringement       has increasingly become an                               risks associated ,virh the enforcement of your rights andlor the
:-::;porrant Íssue in BrazíI and tnere are man}' dífferent                            possibIe Ioss of your intellectual property rights and the related
campaigns     to combat     copyright   infringement.  The                            consequential costs. Brazilian law provides intellecrnal property
phonographic and software industries are making a great                               holders ,•. im me tools to safeguard and enforce their rights.
                                                                                                r
effort to reduce infrmgement by educating society about the                           Nevertheless, intellecrual property holders should always take
ill effects of copyright             infringement      on the country's               affirrnative steps to entorce their rights, both preventative and
economic developrnem.                                                                 reacrive, by taking legal aetiou against alleged infringers.




Stroeter. Royster   & Ohno   Advogados, associated with Steel Hector   & Davis   UP   l3U1lD!NG ANO ENfORCING INTHLEcrUAL PROPERTYVALUE169
EricaAoki
      - - -- ----------_._---_._-----                               -------_._---                    ----- --------- -------
      Stroeter, Royster 8. Ohno Advogados.associated with Steel Hector & DavisllP. São Paulo and   Rio   de Janeiro




      Managing intelLectual property assets in Brazil




                                                Do you have complete and accurare information on ali the IP assets o.vned by your
                                                company? Do you know how much it costs your company to maintain these and how
                                                much rhey are worth? Do you know how to rake the ma.ximum comperitive advamage
                                                from your lP assets?


                                                If you are hesitam tO answer rhese quesrions, you may be losing money. Ir is ver)' unlikely
                                                that your compa..1Yhas nothing to benefit from taking measures to proreet its IP assets,
                                                even if rhe only asset is a trademark, wruch you do not consider importam or famous.

                                                Wirh the Internet, we are experiencing me era of insram farne and globalisation. To
                                                enhance and safeguard corporare comperitiveness, ir has become importam to plan
                                                your markering strategy, which shouId include protection and mana gemem of your
                                                imellectual property rights, not oruy in your ovm territory, but in territories where your
                                                product or servÍce may have some commercial impact.


                                                Takíng pre."entive measures will allmv your company to reduce the risks and costs
                                                associared with lirigation relared to infringement of inrelleetual property rights, either
                                                by being accused of infringement or by having your righrs infringed.


                                                Ir is unquestionable thar Brazil, due to its size and rhe potemial of irs market, should
                                                not be excluded from }"our rarget territory list. However, despite the fact thar Brazil
                                                ma}' represem a tremendous business opportuniry for your company, the failure to
                                                undersrand or learn abour rhe counrry's imellectual property system may delay your
                                                decision to spend time and rake the effort to protecr your imellecmal property rights
                                                in Brazil.


                                                ln order to help you Vith the managemenr of your inreilectuaI property rights in Brazil,
                                                ye have prepared this memo, which ma}' provide          fOU   wirh some guidance on the 'do's
                                                and don'ts' Vith }lour inrelleetuaI propeIt}' righrs in Brazil.
      © Stroeter. Royster & Ohno
      Advogados.associated with                 Managing intellecrual property rights is nor an easy task, even if            fOU   have some
      Steel Heetor & Davis LLP2002              knmvledge of rhe relevant intellecrual property Iaws and regulations of your own

166   BUllD1NG    AND ENFORC1NG      lNTEllECTUAL   PROPERTI   VALUE
lvlANAG1NG      lNTELLECTUAL          PROP"ERTY ASSHS    IN BRAZIL




jurisdiction. Your headache may increase if you have to                          proposed trademark is necessary to avoid the costs
manage your intellectual property rights througb different                       associated with applying for a non-registrable trademark in
jurisdictions and submit to different regulations and laws.                      the case of the priority of a third party. If you do conduct an
                                                                                 internet search, you should keep in mind that the INPI's
The importance of protection                                                     data base is updated with a time lag of at least 15 days to a
As is the case with other              property      rights,     to secure       month. Thus, the results of the search may or may not
intellectual property rights, the interested party must take                     include newly filed applications.
some    affirmative     action,      in which       case       a complete
understanding af the necessary measures to guarantee                             After filing me trademark registration application, it is very
property rights is essential. AIso, as with other property                       importam to continuously check for any trademark
rights, preventive measures to safeguard your interesrs wiU                      registration applications filed by third parties that may cause
save you a lot af time and money in the long termo                               association     or çonfusion       with your trademark,           whether
                                                                                 registered     or still in the application          processo Filing an
First, you should recognise that, despite the fact that the                      opposition or nullity request with respect to any trademark
Brazilian legal system is often criticised and described as not                  application  or registration    during the administrative
being fully prepared to protect intellecrual property rights, the                proceeding      term against           a third   party   application   or
new laws governing intelleetual property in Brazil provide al1                   registration tbat may increase the likelibood of confusion or
of the necessary tools to safeguard and/or guarantee the                         associarion with your trademark may reduce cost and time,
proper protection of intellectual property rights held in the                    when compared to filing a judicial action with respect to the
counrry. Recent changes to laws mean that Brazil has now                         same matter.
fulfilled the majority of its obligations under TRIPs.
                                                                                 To secure an interest over the applied for or registered
The rules for the protection          of trademarks,           patents and       trademark,  you must initiate the use of the object
copyrights in Brazil are in compliance with the mIes of                          of such trademark no later than five years after the
international convenrions such as the Paris Convention, Bern                     relevant     registration      date.    The required      proof    of use
Convention      and TRIPS. The registration             procedure may            may be satisfied by any commercial ar financial document or
differ in terms of detail and some minor aspects may also                        by a licence agreement. The trademark must be used
slightly differ from what you may be accustomed to in your                       in the exact form anel/or manner as specified in the
home country.                                                                    relevam      application    ar registration        and must be used
                                                                                 strictly with respect to the product or service related to the
Trademarks                                                                       class of such registration or application. Where a trademark
As Brazil has a 'first to file system', you must be the first to                 holder fails to make use of the trademark in commerce in
file the relevam registration application, otberwise you may                     Brazil for more than five consecutive years, the registration
loose your rigbts to a trademark on account of a difference                      may be cancelled.
of just a few seconds from a third party that has previously
ápplied for registration of the same trademark.                                  If the trademark      owner is not a resident of Brazil, it musr
                                                                                 appoint a legal representative to represem it before the INPI.
It is highly recommended that you check on the viability of                      The failure to appoint            a represemative        may cause the
having the application approved for regisrration before you                      cancellation     of the trademark            registration.   Ir is very
begin the processo The Brazilian Patem and Trademark                             importam to keep the INPI's data base updated on the name
Office's ('INPI') data base may now be searched via the                          of and currem information on the appointed representa tive
internet (http://www.inpi.gov.br).  Although the proper                          who "',riUbe responsible for receiving aoy notification related
evaluation of the registrability of a proposed trademark                         to the rrademark. Furthermore, for the maintenance of the
requires some technical knowledge, you may nevertheless                          trademark      registration,     it is also necessary to inform the
receive some comfort by condueting a prior search 00 the                         INPI about any changes in your corporate name, principie
internet. The proper evaluation of the registrability of the                     place of business and/or any assignment made.


Stroeter. Royster & OhnoAdvogados.   assodated   with Steel Hector & Davis LLP   BUILDING       ANO ENFORCING            lNTELLECTUAL     PROPERTY VALUE I 67
MiJ.'JAGING    INTEllfCTUAl    PROPERTI      ASSETS IN BRAZIL




      Alrhough it is nor a legal requirement,            ir is advisable to     agreement. The technology transfer agreernent rnust also be
      maintain only one represemative            for ali of your trademark      registered with the INPI and is also subjeet to cerrain specific
      registrarions     and/or   applications.      Maintaining   multiple      treannent as to rernittance and for pllrposes of deductibility
      representatives for trademark registrations may make ir                   of raralty payments.
      more difficult to control ali of the trademark registration
      proceedings      of yonr company. However, considering             the    Copyright
      conflict of interest issue, in practice, ir is very difficult             As me Brazilian legal s}'stem adopts the sarne rationale as the
      to keep onl)' one legal representarive for )'our emire                    French system, copyright is considered the persanal right af
      trademark    portfolio. Therefore, it is ver)' importam                   the anthor who wil! always keep the moral rights over rhe
      that )'ou reguest your legal represemative to check on the                 work created by him/her.
      existence of any canflicts of imeresr berween your rrademark
      and other trademarks handled by himJher and confirm the                   As copyrights are considered to be personal rights, the law
      absence rhereof.                                                           does not aIlow corporate entities to be the author of any
                                                                                 work protected under a copyright. The corparate entity may
      Apart from the managemem of the trademark, it is also very                 have patrimonial rights to use, distribllte, transmit and/or
      important to check on rhe use of any trade names and                      cammerciaIly explore the work protected under copyright,
      domain names mat could harm four interests.                               however such rights wiU be limited to the extent expressly
                                                                                provided for in an assignmem agreemem. The new capyright
      Patents                                                                   Iaw in Brazil has intentionaIly excluded the 'wark made for
      Vith regard to your patem rights, )'ou must also take alI                 hire' pravision,      which was provided           for under former
      necessar)' steps to file a patem application in Brazil prior to            legislation. This inrenrional excIusion was effected ta force
      any use af rhe parem in an)' part af rhe warld ar at leasr                 parties to negotiate the use of and safeguard against the
      during the priority term to satisfy the nove!ty requirement.               abusive appropriation        of copyrighted work.


      To mainrain a parem registrarion in Brazil, it is importam to              Copyright over a certain work is protected as of the creation
      effect rimely paymenr of the reqnired annual fees and to                   of such work and no specific registration is required.
      appoint a representative in cases where               the patent    is    However, the registration of copyrighted works may serve as
      registered in the name of a nan-residem.                                  proof of the date of authorship of the relevam wark.
                                                                                Although   registration is not indisputabJe  proof of
      li you do not have a registered parem in Brazil, yau may not              authorship, it wil! place rhe burden of proof of authorship ai
      be able to license the patem and/or receive royalties for the             such work on third parties claiming authorship.
      licence since your patem will be treated as non-patented
      technology in Brazil and thus in the pllblic domain.                      Becallse     a    carporate      entity   wiU not      be recognised
                                                                                 as rhe author af any copyrightable wark created in Brazil, it
      A patem infringement action requires a very careful technical             is very importam to have a praper agreement regarding
      analysis. Since patem attorneys in Brazil do not necessarily              the rights over such works with any employees hired in
      have rhe required rechnical background, attorneys usualIy                  Brazil so as to minimise the risk of copyright infringement
      render opinions on such matrers with the assistance of, and                of an employee's rights. Companies must take affirmative
      based an, the technical expertise of an engineer.                          steps to cover this issue, which is critical for companies
                                                                                 whose most importam asset is the copyrighted material
      If you curremly have or use non-patemed ar non-paremable                  created by employees.
      technology which vou wallld like to rransfer to it
      Brazilian emity, you may want to consider the formal                       This rule       is nor     applicable    to saftware,     despite    the
      transfer of such through a technology transfer agreement.                  fact that       software     is considered    to   be copyrighrable
      This wiII alIow the recipienr to make use of sucb rechnology               subject matter under Brazilian law. Software is governed
      during and after rhe terminarion of rhe term of rhe                        in a specific law, which clearly provides that software

168   BUILOING       ANO ENFORCING     INTHLECTUAL        PROPERTI   VALUE     Stroeter, Royster & Ohno Advogados. associated with Steel Heàor & Davis lLP

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Managing i passets

  • 1. 1 : .. -, , . 4 f'·~--~ ~ ..i . ~.~.'- .... . . ~. ~
  • 2. :::., Building and entorcing inteUectual property value An international guide for the boardroom 2003 Editor joff Wild (jwild@globewhirepage.coG, Managing editor Adrian Preston Cover design Fran Lane Production Language by Design Associate pubiisher Steven Evans Publisher Gavin Stewart (gstewart@globewhitepage.com) Publishing directors Tony Harriss. Nigel Page Printing & binding Garden House Press Ltd Buíldíng and enforcing intel!ectual property value An international guide for the boardroom 2003 is published by Globe White Page One Cathedral Streec London Bridge London SEl 9DE United Kingdom Tel +44 20 72340606 Fax +44 20 7234 0808 Email info@g{obewhitepage.com www.globewhitepage.com First published 2002 ISSN 1478-8462 Building aná enfoTcing inteHectual property value An international guide for the boardroom 2003 © 2002 Gobe White Page No photocopying: copyright licences do not appty DISCLAIMER This pubUcation is written as a genera( guide onty. It should not be relied upon as a substitute for specific (egal and/or other professional advice. Professional advice should a(ways be sDught Defore taking any action based on the information provided. Every effort has been made to ensure that the information in this guíde is correct at the time of publication. The publishers and authors stress that this publication does not purport to provi de investment advice, nor do they bear the responsibility for any errors or omissions contained hereín. The views expressed ín the artic1es contained in this publication are those Df the authors. Copyright in the individual chapters rests with their authors. GLOSE INHITE P."'.GE
  • 3. MANAGtNG tNTElUcrUAL PROPElUY ASSETSIN BR-121L copyríghts deveIoped under an employment or contractual Planning relationship wiII be owned by the hiring party unless the Effecrive management af yaur intelleetual property rights agreement provides otherwise. reqmres special atrention aud a number of preventive and enforcement efforts. Taking the proper acriou 'YiUminimise the Copyright infringement has increasingly become an risks associated ,virh the enforcement of your rights andlor the :-::;porrant Íssue in BrazíI and tnere are man}' dífferent possibIe Ioss of your intellectual property rights and the related campaigns to combat copyright infringement. The consequential costs. Brazilian law provides intellecrnal property phonographic and software industries are making a great holders ,•. im me tools to safeguard and enforce their rights. r effort to reduce infrmgement by educating society about the Nevertheless, intellecrual property holders should always take ill effects of copyright infringement on the country's affirrnative steps to entorce their rights, both preventative and economic developrnem. reacrive, by taking legal aetiou against alleged infringers. Stroeter. Royster & Ohno Advogados, associated with Steel Hector & Davis UP l3U1lD!NG ANO ENfORCING INTHLEcrUAL PROPERTYVALUE169
  • 4. EricaAoki - - -- ----------_._---_._----- -------_._--- ----- --------- ------- Stroeter, Royster 8. Ohno Advogados.associated with Steel Hector & DavisllP. São Paulo and Rio de Janeiro Managing intelLectual property assets in Brazil Do you have complete and accurare information on ali the IP assets o.vned by your company? Do you know how much it costs your company to maintain these and how much rhey are worth? Do you know how to rake the ma.ximum comperitive advamage from your lP assets? If you are hesitam tO answer rhese quesrions, you may be losing money. Ir is ver)' unlikely that your compa..1Yhas nothing to benefit from taking measures to proreet its IP assets, even if rhe only asset is a trademark, wruch you do not consider importam or famous. Wirh the Internet, we are experiencing me era of insram farne and globalisation. To enhance and safeguard corporare comperitiveness, ir has become importam to plan your markering strategy, which shouId include protection and mana gemem of your imellectual property rights, not oruy in your ovm territory, but in territories where your product or servÍce may have some commercial impact. Takíng pre."entive measures will allmv your company to reduce the risks and costs associared with lirigation relared to infringement of inrelleetual property rights, either by being accused of infringement or by having your righrs infringed. Ir is unquestionable thar Brazil, due to its size and rhe potemial of irs market, should not be excluded from }"our rarget territory list. However, despite the fact thar Brazil ma}' represem a tremendous business opportuniry for your company, the failure to undersrand or learn abour rhe counrry's imellectual property system may delay your decision to spend time and rake the effort to protecr your imellecmal property rights in Brazil. ln order to help you Vith the managemenr of your inreilectuaI property rights in Brazil, ye have prepared this memo, which ma}' provide fOU wirh some guidance on the 'do's and don'ts' Vith }lour inrelleetuaI propeIt}' righrs in Brazil. © Stroeter. Royster & Ohno Advogados.associated with Managing intellecrual property rights is nor an easy task, even if fOU have some Steel Heetor & Davis LLP2002 knmvledge of rhe relevant intellecrual property Iaws and regulations of your own 166 BUllD1NG AND ENFORC1NG lNTEllECTUAL PROPERTI VALUE
  • 5. lvlANAG1NG lNTELLECTUAL PROP"ERTY ASSHS IN BRAZIL jurisdiction. Your headache may increase if you have to proposed trademark is necessary to avoid the costs manage your intellectual property rights througb different associated with applying for a non-registrable trademark in jurisdictions and submit to different regulations and laws. the case of the priority of a third party. If you do conduct an internet search, you should keep in mind that the INPI's The importance of protection data base is updated with a time lag of at least 15 days to a As is the case with other property rights, to secure month. Thus, the results of the search may or may not intellectual property rights, the interested party must take include newly filed applications. some affirmative action, in which case a complete understanding af the necessary measures to guarantee After filing me trademark registration application, it is very property rights is essential. AIso, as with other property importam to continuously check for any trademark rights, preventive measures to safeguard your interesrs wiU registration applications filed by third parties that may cause save you a lot af time and money in the long termo association or çonfusion with your trademark, whether registered or still in the application processo Filing an First, you should recognise that, despite the fact that the opposition or nullity request with respect to any trademark Brazilian legal system is often criticised and described as not application or registration during the administrative being fully prepared to protect intellecrual property rights, the proceeding term against a third party application or new laws governing intelleetual property in Brazil provide al1 registration tbat may increase the likelibood of confusion or of the necessary tools to safeguard and/or guarantee the associarion with your trademark may reduce cost and time, proper protection of intellectual property rights held in the when compared to filing a judicial action with respect to the counrry. Recent changes to laws mean that Brazil has now same matter. fulfilled the majority of its obligations under TRIPs. To secure an interest over the applied for or registered The rules for the protection of trademarks, patents and trademark, you must initiate the use of the object copyrights in Brazil are in compliance with the mIes of of such trademark no later than five years after the international convenrions such as the Paris Convention, Bern relevant registration date. The required proof of use Convention and TRIPS. The registration procedure may may be satisfied by any commercial ar financial document or differ in terms of detail and some minor aspects may also by a licence agreement. The trademark must be used slightly differ from what you may be accustomed to in your in the exact form anel/or manner as specified in the home country. relevam application ar registration and must be used strictly with respect to the product or service related to the Trademarks class of such registration or application. Where a trademark As Brazil has a 'first to file system', you must be the first to holder fails to make use of the trademark in commerce in file the relevam registration application, otberwise you may Brazil for more than five consecutive years, the registration loose your rigbts to a trademark on account of a difference may be cancelled. of just a few seconds from a third party that has previously ápplied for registration of the same trademark. If the trademark owner is not a resident of Brazil, it musr appoint a legal representative to represem it before the INPI. It is highly recommended that you check on the viability of The failure to appoint a represemative may cause the having the application approved for regisrration before you cancellation of the trademark registration. Ir is very begin the processo The Brazilian Patem and Trademark importam to keep the INPI's data base updated on the name Office's ('INPI') data base may now be searched via the of and currem information on the appointed representa tive internet (http://www.inpi.gov.br). Although the proper who "',riUbe responsible for receiving aoy notification related evaluation of the registrability of a proposed trademark to the rrademark. Furthermore, for the maintenance of the requires some technical knowledge, you may nevertheless trademark registration, it is also necessary to inform the receive some comfort by condueting a prior search 00 the INPI about any changes in your corporate name, principie internet. The proper evaluation of the registrability of the place of business and/or any assignment made. Stroeter. Royster & OhnoAdvogados. assodated with Steel Hector & Davis LLP BUILDING ANO ENFORCING lNTELLECTUAL PROPERTY VALUE I 67
  • 6. MiJ.'JAGING INTEllfCTUAl PROPERTI ASSETS IN BRAZIL Alrhough it is nor a legal requirement, ir is advisable to agreement. The technology transfer agreernent rnust also be maintain only one represemative for ali of your trademark registered with the INPI and is also subjeet to cerrain specific registrarions and/or applications. Maintaining multiple treannent as to rernittance and for pllrposes of deductibility representatives for trademark registrations may make ir of raralty payments. more difficult to control ali of the trademark registration proceedings of yonr company. However, considering the Copyright conflict of interest issue, in practice, ir is very difficult As me Brazilian legal s}'stem adopts the sarne rationale as the to keep onl)' one legal representarive for )'our emire French system, copyright is considered the persanal right af trademark portfolio. Therefore, it is ver)' importam the anthor who wil! always keep the moral rights over rhe that )'ou reguest your legal represemative to check on the work created by him/her. existence of any canflicts of imeresr berween your rrademark and other trademarks handled by himJher and confirm the As copyrights are considered to be personal rights, the law absence rhereof. does not aIlow corporate entities to be the author of any work protected under a copyright. The corparate entity may Apart from the managemem of the trademark, it is also very have patrimonial rights to use, distribllte, transmit and/or important to check on rhe use of any trade names and cammerciaIly explore the work protected under copyright, domain names mat could harm four interests. however such rights wiU be limited to the extent expressly provided for in an assignmem agreemem. The new capyright Patents Iaw in Brazil has intentionaIly excluded the 'wark made for Vith regard to your patem rights, )'ou must also take alI hire' pravision, which was provided for under former necessar)' steps to file a patem application in Brazil prior to legislation. This inrenrional excIusion was effected ta force any use af rhe parem in an)' part af rhe warld ar at leasr parties to negotiate the use of and safeguard against the during the priority term to satisfy the nove!ty requirement. abusive appropriation of copyrighted work. To mainrain a parem registrarion in Brazil, it is importam to Copyright over a certain work is protected as of the creation effect rimely paymenr of the reqnired annual fees and to of such work and no specific registration is required. appoint a representative in cases where the patent is However, the registration of copyrighted works may serve as registered in the name of a nan-residem. proof of the date of authorship of the relevam wark. Although registration is not indisputabJe proof of li you do not have a registered parem in Brazil, yau may not authorship, it wil! place rhe burden of proof of authorship ai be able to license the patem and/or receive royalties for the such work on third parties claiming authorship. licence since your patem will be treated as non-patented technology in Brazil and thus in the pllblic domain. Becallse a carporate entity wiU not be recognised as rhe author af any copyrightable wark created in Brazil, it A patem infringement action requires a very careful technical is very importam to have a praper agreement regarding analysis. Since patem attorneys in Brazil do not necessarily the rights over such works with any employees hired in have rhe required rechnical background, attorneys usualIy Brazil so as to minimise the risk of copyright infringement render opinions on such matrers with the assistance of, and of an employee's rights. Companies must take affirmative based an, the technical expertise of an engineer. steps to cover this issue, which is critical for companies whose most importam asset is the copyrighted material If you curremly have or use non-patemed ar non-paremable created by employees. technology which vou wallld like to rransfer to it Brazilian emity, you may want to consider the formal This rule is nor applicable to saftware, despite the transfer of such through a technology transfer agreement. fact that software is considered to be copyrighrable This wiII alIow the recipienr to make use of sucb rechnology subject matter under Brazilian law. Software is governed during and after rhe terminarion of rhe term of rhe in a specific law, which clearly provides that software 168 BUILOING ANO ENFORCING INTHLECTUAL PROPERTI VALUE Stroeter, Royster & Ohno Advogados. associated with Steel Heàor & Davis lLP