INDUSTaJAL PROPElfl'"Y ACT OF UBERIA Chapter] PRLi\MBLE WI-IEREAS, 111ealllllgtLJl lndustnalization has eluded us for more than 1';0 vears due to both internal and external Impediments coupled With the lack of the political wdl, 'oresipht and insight on the part of our leaders, WHEREAS. technology will not be transferred to a Third World country such as our without a set of laws 011 the groulld to protect Industrial properties consistent with International standard, WHEREAS, consistent with national interests Governance under tile Rule of Law , in the establishment and promotion of Good \VHEREAS, indusu rahzauon In the Third Millcmuum is one of the foremost priorities of the NPP-Ied Governmern WHEREAS, uniform and comprehensive code for the protecuon and promotion of industrial property, is the best Incentive and guarantee for the attraction of foreign investment into this country, WHEREAS, scientists, inventors, arnsts, engineers, both local and foreign, must be encouraged to actively engage themselves in the industrialization process oft/lis country by recognizing the fruits of then mvenuve and intellectual endeavors thereby creating a just and conducive business atmosphere WIILRL:\S, It has become desirable and necessary at this pomt rn time for Government to put in place n specialized agencv consisting of technocrats who will carer directly to matters related to industrial properties exclusively for the Republic of Liberia both locally and internationally, NOW, THER.EFORE, It IS enacted bv the Senate and the House of Representatives of the Republic of Liberia, 111 Legislature Assembled