Internet entrepreneurs face considerable uncertainty over their IP when operating in Venezuela, says Joaquin Nuñez.
In many countries in Latin America, there is a lack of regulations and institutions intended to protect and safeguard the content of the Internet. Venezuela is no exception.
Although some advances have occurred in the last few years, current legislation in Venezuela does not set clear guidelines to protect and safeguard IP assets online. A common misconception is the application of telecommunication laws as part of the Internet regulatory framework, as this set of laws does not handle the real issues concerning IP on the Internet.
Accordingly, Venezuela is presently handling IP infringement actions on the Internet based on the Industrial Property Law of 1955, even though this elderly law does not explicitly regulate electronic media communications and the Internet.
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IP, Internet, trade secrets, Venezuela, Radio, TV