coordinate and harmonize actions in this sphere. This aim will be achieved by means of the following strategic actions: • Revising, introducing and harmonizing legislation on the safeguarding, preservation and capitalization of genetic resources; • Ratifying the relevant international instruments on the safeguarding of genetic resources and traditional knowledge; • Encouraging Mozambique’s accession to the international organizations relevant for safeguarding genetic resources and traditional knowledge; • Introducing mechanisms for recognizing and developing the intellectual property rights of individuals and local communities possessing traditional knowledge; • Promoting policies and legislation to allow access to and the fair and equitable sharing of the benefits resulting from the exploitation of genetic resources, and the associated traditional knowledge, at the level of local communities. 6.5.3. Encouraging the acquisition and safeguarding of intellectual property rights by local communities The strategic use of intellectual property rights can increase the value and promote the exploitation of genetic resources and associated knowledge, while at the same time ensuring that local communities own these rights, and generating the resources necessary for compensating these communities. This aim will be achieved by means of the following strategic actions: • Incentivizing the acquisition of intellectual property rights by local communities and ensuring their protection; • Developing model contracts and memorandums of understanding on the exploitation of intellectual property rights that safeguard the interests of local communities and the fair sharing of benefits; • Introducing monitoring mechanisms to allow and impose the legal acquisition of traditional knowledge;