After the visit of Prime Minister David Cameron to China in December 2013, cooperation and communication between the two countries has become increasingly close in the aspects of IP.
It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.
According to South Korean media, Nokia has recently demanded high patent royalties from Samsung Electronics and LG Electronics, and negotiations through arbitration are ongoing in the U.S.
The exchange theory of quid pro quo of patent rights in exchange for technical contribution expounds the basic principle that the patent is granted only for technical contributions.
In order to achieve this goal, a set of legal regimes will be put in place to further promote IP creation, improve IP protection and exploration,many existing laws and regulations will be revised.
Employment Invention Regulation (Regulation), accompanied by disputes, has finally been submitted to the State Council for consideration and been included within the legislation plan.
The Regulation, which apparently aims to protect employee innovators, seems to fall into a rather awkward situation, neither enterprises nor employee innovators are satisfied with it.
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