In Georgia, similar to developed industrial countries, IP should become more and more expensive asset and can play the determining role in idealization of any governing/managerial strategies – be it strategies for development, stabilization, anti-crisis or other. Realization of given strategy will increase market capitalization of assets by an average 10-12%. Unfortunately, the majority of registered legal persons in Georgia does not properly manage intellectual property and does not take appropriate measures for its protection. When exporting goods to foreign countries, they often avoid lengthy procedures and financial expenditures needed for patenting devices, methods, substances or microorganism strains. At the same time, the existing mechanisms of state regulation in the sphere of IP are rather limited due to low effectiveness of applied forms and methods. Such an assumption is validated by the fact that the state governance mechanisms mostly rely on the economic and administrative influence methods which are less effective and require significant corrections. Paragraph 154 of the Agreement on association between the EU and Georgia essentially concerns protection and realization of the authors’ economic, business interests as well. It is pity that in the Agreement on association, with regard to intellectual property, the discussion concerns only economic and business aspects of this institute, but does not make any emphasis on its sociological component. To put order to the above and similar issues and to eliminate existing faults it is necessary to create a parliamentary commission on studying the intellectual property in the Parliament of Georgia and also to establish the Experts Council for protection of intellectual property and fighting against the counterfeit and piracy by the Government of Georgia. In Georgia, there is a high rate of violation of the special property and personal non-property rights of the holders of copyrights and adjoining rights, as well high share of counterfeit products. The culture of replicating and using the objects of intellectual property is at the relatively low level. Non-existence of a conceptually grounded policy harms the interests of the stakeholders such as creators of the intellectual property objects and those using these rights (holders of rights). In modern Georgia, none of the above mentioned stakeholders (society, state, other stakeholders) can be considered as fully protected by state from the violation of their rights. In particular, creators are frequently deprived of the possibility to make complete realization of own property or personal non-property rights, holders of rights – to protect themselves from piracy and unfair competition, consumers – to receive goods of the appropriate quality and the state – to receive the hidden tax revenues into state budget. Apart from that, significant violation of intellectual property rights brings the serious social effect.
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