Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 7/17/2019

Joint ventures are rare in BiH.  The BiH Law on the Policy of Foreign Direct Investment and the Law on Companies regulate the establishment of joint ventures, investment in companies with mixed ownership, as well as other types of foreign or domestic investment.  Establishing a joint venture requires a local lawyer and registration with the local court. 

The Law on Obligations (“Commercial Code”) addresses contract law.  The licensing contract covers intellectual property rights issues (trademark, model, patent or copyright), payments/royalties, the term of the contract, restrictions on using trademarks, among other topics.  A local lawyer should be consulted to ensure that provisions of the contract do not contravene BiH law.

Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.