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Unofficial translationDRAFT DECREELAW Creates the Industrial Property Institute of TimorLeste, I. P. and approves its statuteInvesting in the potential of industrial property is an unavoidable element of policies for business competitiveness, innovation and internationalisation in the context of the growing globalisation of economies and the market. Furthermore, in order to guarantee economic prosperity, it is necessary to value and protect existing intangible resources, and in the area of
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A draft decree-law is a legislative proposal that establishes new legal regulations or modifies existing ones, typically initiated by the executive branch of government.
Typically, the executive authority, such as a president or minister, is required to file a draft decree-law, though specific requirements may vary by jurisdiction.
Filling out a draft decree-law usually involves drafting a legal document that outlines the proposed law's provisions, objectives, and justifications, often following a specific format set by legislative bodies.
The purpose of a draft decree-law is to create or amend legislation quickly, often in response to urgent issues or circumstances that require immediate government action.
Information typically reported in a draft decree-law includes the title of the law, a preamble explaining its necessity, detailed articles outlining its provisions, and any fiscal implications or impact assessments.
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