Geneva Act of the Lisbon Agreement on Appellations of Origin and Geographical Indications:Article 24 Finances

Geneva Act of the Lisbon Agreement on Appellations of Origin and Geographical Indications

Article 24 Finances

Geldend

Documentgegevens:

Geldend vanaf 26-02-2020

Bronpublicatie:: 20-05-2015, PbEU 2019, L 271 (uitgifte: 24-10-2019, kamerstukken/regelingnummer: -)
Inwerkingtreding: 26-02-2020
Bronpublicatie inwerkingtreding:: 20-05-2015, PbEU 2019, L 271 (uitgifte: 24-10-2019, kamerstukken/regelingnummer: -)
Vakgebied(en): Agrarisch recht (V)
EU-recht / Marktintegratie
Intellectuele-eigendomsrecht / Europees intellectuele-eigendomsrecht

(1)

[Budget] The income and expenses of the Special Union shall be reflected in the budget of the Organization in a fair and transparent manner.

(2)

[Sources of Financing of the Budget] The income of the Special Union shall be derived from the following sources:

(i): fees collected under Article 7(1) and (2);
(ii): proceeds from the sale of, or royalties on, the publications of the International Bureau;
(iii): gifts, bequests, and subventions;
(iv): rent, investment revenue, and other, including miscellaneous, income;
(v): special contributions of the Contracting Parties or any alternative source derived from the Contracting Parties or beneficiaries, or both, if and to the extent to which receipts from the sources indicated in items (i) to (iv) do not suffice to cover the expenses, as decided by the Assembly.

(3)

[Fixing of Fees; Level of the Budget]

a): The amounts of the fees referred to in paragraph (2) shall be fixed by the Assembly on the proposal of the Director General and shall be so fixed that, together with the income derived from other sources under paragraph (2), the revenue of the Special Union should, under normal circumstances, be sufficient to cover the expenses of the International Bureau for maintaining the international registration service.
b): If the Program and Budget of the Organization is not adopted before the beginning of a new financial period, the authorization to the Director General to incur obligations and make payments shall be at the same level as it was in the previous financial period.

(4)

[Establishing the Special Contributions Referred to in Paragraph (2)(v)] For the purpose of establishing its contribution, each Contracting Party shall belong to the same class as it belongs to in the context of the Paris Convention or, if it is not a Contracting Party of the Paris Convention, as it would belong to if it were a Contracting Party of the Paris Convention. Intergovernmental organizations shall be considered to belong to contribution class I (one), unless otherwise unanimously decided by the Assembly. The contribution shall be partially weighted according to the number of registrations originating in the Contracting Party, as decided by the Assembly.

(5)

[Working Capital Fund] The Special Union shall have a working capital fund, which shall be constituted by payments made by way of advance by each member of the Special Union when the Special Union so decides. If the fund becomes insufficient, the Assembly may decide to increase it. The proportion and the terms of payment shall be fixed by the Assembly on the proposal of the Director General. Should the Special Union record a surplus of income over expenditure in any financial period, the Working Capital Fund advances may be repaid to each member proportionate to their initial payments upon proposal by the Director General and decision by the Assembly.

(6)

[Advances by Host State]

a): In the headquarters agreement concluded with the State on the territory of which the Organization has its headquarters, it shall be provided that, whenever the working capital fund is insufficient, such State shall grant advances. The amount of those advances and the conditions on which they are granted shall be the subject of separate agreements, in each case, between such State and the Organization.
b): The State referred to in subparagraph (a) and the Organization shall each have the right to denounce the obligation to grant advances, by written notification. Denunciation shall take effect three years after the end of the year in which it has been notified.

(7)

[Auditing of Accounts] The auditing of the accounts shall be effected by one or more of the States members of the Special Union or by external auditors, as provided in the Financial Regulations of the Organization. They shall be designated, with their agreement, by the Assembly.