The first agreement of pledge of the exclusive right to an intellectual property object in the history of the Eurasian Patent Office

The Eurasian Patent Office has registered for the first time a pledge of the exclusive right to an industrial design.

LLC Scientific Industrial Enterprise — Lossew (RU), which is the owner of Eurasian patent No. 000038, transferred the exclusive right to an industrial design as a pledge. LLC Lossew is an enterprise producing LED lighting and optics.

The exclusive right to the ornamental aspect of the lamp was pledged to the Moscow Small Business Lending Fund.

This will allow LLC Lossew to use the patent as an intangible asset and obtain a pledge in relation to it for further business development.

Thus, the patentee exercised their right on the basis of a Eurasian patent for an industrial design, which not only allows to protect exclusive right to an original ornamental aspect of an article in seven countries simultaneously, but is also an intangible asset of the patentee, who has the right to transfer the exclusive right to an industrial design to another person or to register a pledge in relation to it, as well as to provide the right to use the industrial design under a license agreement.