New Deal Reached Between King Saud University And Saudi Authority For Intellectual Property
A new deal between King Saud University (KSU) and the Saudi Authority for Intellectual Property (SAIP) might lead to new research and new legislation relating to intellectual property (IP) after it was co-signed by KSU President Dr. Badran bin Abdulrahman Al-Omar and SAIP head Dr. Abdulaziz bin Mohammed Al-Suwailem. The purpose of the deal is to open up both entities to the routine exchange of IP-related data and should provide a legal blanket for projects authorized by either organization.
The two organizations determined that the Arab world has fallen behind other developed nations, which makes it far more difficult to keep up with the fast pace of technology development. Holding onto trade secrets stolen by everyone else is even harder. The agreement should help the two strengthen existing training in the field while guaranteeing the design of new courses.
KSU is known for supporting IP rights in Arab states. It also has nearly 1,500 patents of its own, which has resulted in a high ranking for overall number of patents in universities around the world. And it’s certainly the highest ranked university for patents among Arab nations.
SAIP has around 450 patents as well, all of which should be protected by this agreement.
The agreement could also strengthen other organizations’ hold on their own property in the Arab world. The Arab Society for Intellectual Property (ASIP) is based in Munich, but its leaders understand the benefits of the new deal. And that’s great, since the point of their own organization was to establish an Arab entity in order to keep the IP profession organized.
ASIP has been running since 1987, and has made strides in advancing IP protections not just in Arab nations but around the world. It also cooperates with international entities and governments around the world in order to do this more successfully.