IP legislation in Venezuela was based on a series of decisions by the Andean Community, such as Decision 345 (new plant varieties), Decision 391 (access to genetic resources), Decision 351 (copyright and neighbouring rights) and Decision 486 (industrial property). Venezuela retired from the Andean Community on April 2006.

On 17 September 2008, the Venezuelan IP rights authority (SAPI) decided that the only legislation regarding trademark and patent matters would be the IP Act, since Venezuela left the Andean Community.