Bank Of Baku

Law on amendments to law on “Legal protection of the examples of Azerbaijani folklore” comes into force

Law on amendments to law on “Legal protection of the examples of Azerbaijani folklore” comes into force
# 09 June 2011 10:28 (UTC +04:00)
According to the amendments, for commercial purposes the examples of folklore can be used beyond Azerbaijan by legal entities and individuals of other countries basing on the permission of the relevant executive authority and through payment of the fee. These funds are transferred to the account of the relevant executive authority and spent on motivation of intellectual activity, protection and enrichment of the examples of folklore.

The rules and amount of the fee for usage of the examples of folklore beyond Azerbaijan by legal entities and individuals of other countries are determined by the relevant executive authority.
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THE OPERATION IS BEING PERFORMED