The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

Liberia is a party to the Patent Cooperation Treaty (PCT).

Liberia has a clear regime of exceptions to copyright that follows fair use, which allows for the lawful use of copyrighted works by third parties without the need to obtain permission. The Intellectual Property Act (Section 9.8. Fair Use) contains a provision on fair use of copyrighted works. It further stipulates four factors for determining whether a particular case is a fair use: the purpose and character of the use, including whether such use is commercial in nature or for educational purposes; the nature of the copyrighted work; the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and the effect of the use on the potential market for or value of the work. Moreover, an identical provision was already included in the Copyright Act of 1997 (Section 2.7), which was repealed by the Liberian Copyright Act of 2016.

It is reported that the legal structure and regulatory environment, as well as the process of protecting and enforcing IPR in Liberia, is weak, and the level of IPR law enforcement is poor. The Liberia Intellectual Property Office (LIPO) is reported to lack both technical and financial capacity to address IPR infringements, and the authorities state that infringement of copyright on the Internet is still a challenge.

Liberia has not signed the World Intellectual Property Organization (WIPO) Copyright Treaty.

Liberia has not signed the World Intellectual Property Organization (WIPO) Performances and Phonograms Treaty.

Liberia has no rules applicable to the protection of trade secrets.

Liberia is not a signatory of the 1996 World Trade Organization (WTO) Information Technology Agreement (ITA) nor the 2015 expansion (ITA II).

According to Art. 49 of The Public Procurement and Concessions Act, 2005, the Procuring Entity shall employ international competitive bidding procedures when the estimated contract amount exceeds the following value threshold:
- In the case of contracts for the procurement of goods, USD 100,000;
- In the case of contracts for the procurement of services, USD 50,000;
- In the case of contracts for the procurement of works, USD 200,000.
In addition, international competitive bidding may only be employed when domestic competitive bidding fails to secure effective competition, requiring the invitation of foreign firms. This is applicable if (a) the estimated contract price exceeds the ceiling threshold established by the Commission’s Regulations for national open competitive bidding, unless the Commission approves an exception based on sufficient competition at the national level; or (b) no responses are received in a national open competitive bidding process. Regardless of thresholds, the Procuring Entity may engage in international competitive bidding if effective competition cannot otherwise be obtained.

Section 45 of the Amendment and Restatement of the Public Procurement and Concessions Act gives a public procuring entity the authority to grant a margin of preference to domestic businesses, solely Liberian-owned businesses and Liberian businesses, based on thresholds promulgated through regulations by the Public Procurement-and Concession Commission. The general objective is to give these businesses an advantage in the procurement of works, services, goods, etc., against foreign competitors. According to Sections 21 and 67 of the Regulations Accompanying the Public Procurement and Concessions Commission Act of 2005, as Amended and Restated in 2010, the margin of preference ranges from 2% to 50% for procuring entities and 4% to 25% for concessionaires.

It is reported that contracting entities are required to set aside 25% of public procurement for those MSMEs with a minimum 51% Liberian ownership, and the primary signatories of their bank accounts must be Liberians. Within this 25%, 5 percentage points in value terms is reserved for women-owned MSMEs. However, according to the authorities this has not been applied in practice.

Liberia is not a party to the World Trade Organization (WTO) Agreement on Government Procurement (GPA) nor does it have observer status.