Republic act 6675

Page 1

>5(38%/,& $&7 12 @

³$1 $&7 72 352027( 5(48,5( $1' (1685( 7+( 352'8&7,21 2) $1 $'(48$7( 6833/< ',675,%87,21 86( $1' $&&(37$1&( 2) '58*6 $1' 0(',&,1(6 ,'(17,),(' %< 7+(,5 *(1(5,& 1$0(6´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³*HQHULF 1DPH RU *HQHULF 7HUPLQRORJ\´ LV WKH LGHQWLILFDWLRQ RI GUXJV DQG PHGLFLQHV E\ WKHLU VFLHQWLILFDOO\ DQG LQWHUQDWLRQDOO\ UHFRJQL]HG DFWLYH LQJUHGLHQWV RU E\ WKHLU JHQHULF QDPHV DV GHWHUPLQHG E\ WKH %XUHDX RI )RRG DQG 'UXJV RI WKH 'HSDUWPHQW RI +HDOWK ³$FWLYH ,QJUHGLHQW´ LV WKH FKHPLFDO FRPSRQHQW UHVSRQVLEOH IRU WKH FODLPHG WKHUDSHXWLF HIIHFW RI WKH SKDUPDFHXWLFDO SURGXFW ³&KHPLFDO 1DPH´ LV WKH GHVFULSWLRQ RI WKH FKHPLFDO VWUXFWXUH RI WKH GUXJV DQG PHGLFLQH DQG VHUYHV DV WKH FRPSOHWH LGHQWLILFDWLRQ RI WKH FRPSRXQG ³'UXJ 3URGXFW´ LV WKH ILQLVKHG SURGXFW IRUP WKDW FRQWDLQV WKH DFWLYH LQJUHGLHQWV JHQHUDOO\ EXW QRW QHFHVVDULO\ LQ DVVRFLDWLRQ ZLWK LQDFWLYH LQJUHGLHQWV


³'UXJ (VWDEOLVKPHQW´ LV DQ\ RUJDQL]DWLRQ RU FRPSDQ\ LQYROYHG LQ WKH PDQXIDFWXUH LPSRUWDWLRQ UHSDFNLQJ DQG RU GLVWULEXWLRQ RI GUXJV RU PHGLFLQHV ³'UXJ 2XWOHWV´ PHDQV GUXJVWRUHV SKDUPDFLVW DQG DQ\ RWKHU EXVLQHVV HVWDEOLVKPHQW ZKLFK VHOO GUXJV RU PHGLFLQHV ³(VVHQWLDO 'UXJ /LVW´ RU ³1DWLRQDO 'UXJ )RUPXODU\´ LV D OLVW RI GUXJV SUHSDUHG DQG SHULRGLFDOO\ XSGDWHG E\ WKH 'HSDUWPHQW RI +HDOWK RQ WKH EDVLV RI KHDOWK FRQGLWLRQV REWDLQLQJ LQ WKH 3KLOLSSLQHV DV ZHOO DV LQ WKH LQWHUQDWLRQDOO\ DFFHSWHG FULWHULD ,W VKDOO FRQVLVW RI D FRUH OLVW RU D FRPSOLPHQWDU\ OLVW ³&RUH /LVW´ LV WKH OLVW RI GUXJV WKDW PHHW WKH KHDOWK FDUH QHHGV KXQGUHG HLJKW\ GD\V XSRQ WKH DSSURYDO RI WKLV $FW ³&RPSOLPHQWDU\ /LVW´ LV D OLVW RI DOWHUQDWLYH GUXJV XVHG ZKHUHLQ QR UHVSRQVH WR WKH FRUH HVVHQWLDO GUXJ RU ZKHUH WKHUH LV K\SHUVHQVLWLYLW\ UHDFWLRQ WR WKH FRUH HVVHQWLDO GUXJ RU ZKHQ IRU RQH UHDVRQ RU DQRWKHU WKH FRUH HVVHQWLDO GUXJV FDQQRW EH JLYHQ ³%UDQG 1DPH´ LV WKH SURSULHWDU\ QDPH JLYHQ E\ WKH PDQXIDFWXUH WR GLVWLQJXLVK LWV SURGXFW IURP WKRVH RI FRPSHWLWRUV ³*HQHULF 'UXJV´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

SDJH


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¶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

SDJH


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

SDJH


6HF (IIHFWLYLW\ 7KLV $FW VKDOO HIIHFW ILIWHHQ GD\V DIWHU LWV FRPSOHWH SXEOLFDWLRQ LQ WKH 2IILFLDO *D]HWWH RU WZR QHZVSDSHUV RI JHQHUDO FLUFXODWLRQ 7KLV $FW ZKLFK LV D FRQVROLGDWLRQ RI 6HQDWH %LOO 1R DQG +RXVH %LOO 1R ZDV ILQDOO\ SDVVHG E\ WKH 6HQDWH DQG WKH +RXVH RI 5HSUHVHQWDWLYH RQ $XJXVW UHVSHFWLYHO\ $SSURYHG 6HSWHPEHU

5HSXEOLF $FW 1R

SDJH


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.