Comparing assignment of industrial property rights and licensing of industrial property rights

Comparing assignment of industrial property rights and licensing of industrial property rights
Posted date: 09/02/2024

CRITERIA

ASSIGNMENT OF INDUSTRIAL PROPERTY RIGHTS

LICENSING OF INDUSTRIAL PROPERTY RIGHTS

Concept

Assignment of an industrial property right means the transfer of ownership right by the owner of such industrial property right to another organization or individual.

 

Legal foundation: Clause 1, Article 138 of Law on Intellectual Property 2005, amended and supplemented in 2009, 2022

 

Licensing of an industrial property object means permission by the owner of such industrial property object for another organization or individual to use the industrial property object within the scope of the owner's right.

 

Legal foundation: Clause 1, Article 141 of Law on Intellectual Property 2005, amended and supplemented in 2009, 2022

 

Nature

 

The transferor terminates ownership rights to the object; and ownership rights for the transferee shall be established.

 

The transferee only has the right to use the object without taking ownership.

 

Link for full: Comparing assignment of industrial property rights and licensing of industrial property rights

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