The Trademarks law does not provide for any provision, which laying down the compulsory licensing of trademarks. Articles 30, 31, 32 and 34, which organize trademarks licensing are fully in conformity with Article 21 of the TRIPS Agreement in the sense that they do not impose the compulsory licensing of trademarks. Article 27 of the same law conforms also with Article 21 of the Agreement while stating that transfer of the ownership of a trademark may be effected with or without the business to which the trademark belongs.