Liberia Declares War against Intellectual Property Theft Liberia Declares War against Intellectual Property Theft Share Monrovia – The government of Liberia through the Liberia Intellectual Property Office (LIPO) and its secretariat, the Copyright Society of Liberia (COSOL) has begun an inspection and enforcement exercise of businesses trading in audio and audio-visual contents to remove pirated copyright materials from the stream of Liberia commerce. With an estimated rate of around 80 percent, piracy is costing the government of Liberia to lost approximately US$2 million dollars each year — an amount that would lead to massive economic growth in the struggling entertainment industry. As a result of such losses, the government in partnership with the National Collective Societies is now applying all efforts to crack down on illegal content distributions.