Protecting intellectual property in Latvia is essential for businesses and individuals to maintain their competitive edge and safeguard their valuable assets. The country has made progress in establishing a comprehensive IP legal framework, but it is crucial to remain vigilant and proactive in the face of ongoing risks. This includes staying up to date on relevant laws and regulations, monitoring potential infringements, and utilizing available enforcement mechanisms when necessary. Additionally, addressing challenges and seizing opportunities for enhancing IP protection will contribute to fostering a culture of innovation and creativity in Latvia. By taking these steps, businesses and individuals can better protect their IP assets and contribute to Latvia's economic growth and development.
Despite Latvia's well-developed IP legal framework, several risks still exist. Some of the most common risks include: