Legal Protection of Geographical Indications of Natural Products Native to the Bali Region Based on Law Number 20 Year 2016 about Trademark and Geographical Indications

Intellectual property provides benefits to the rights holders. First, the commercial use of intellectual property can be carried out directly by the owner of the property. Thus, the owner can directly obtain financial compensation due to transactions involving the use of such intellectual property. Second, the owner can sell or obtain financial compensation by allowing the use of the intellectual property rights to other parties. Third, the owner of the right to the property can prevent other parties from obtaining and using it. The number of geographical indications in Indonesia is still large, but they are not monitored. Geographical indications are only protected and protected after being registered as our intellectual property rights adhere to the first to file principle. Products from natural products as well as products made by humans, especially natural products and handicrafts from the Balinese people, have been registered and received approval from geographical indications, which from an economic point of view can also increase the competitiveness and economic value of the product itself compared to similar products produced by the community. have not yet obtained a geographical indication certification.