What are the regulations affecting the granting of technological, industrial and intellectual property rights ?
Public and private sector enterprises shall apply to the General Directorate of Foreign Investments for the registration of license, know-how, technical assistance, management and franchising agreements to be made with persons and legal entities residing abroad. These agreements shall become effective only after the registration by GDFI and payments arising from the implementation of these agreements shall be transferred abroad through banks on the basis of terms of the Agreement. The parties can freely determine the license fees and royalty rates; there is no recognized ceiling on the rates.
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