In recent years, the importance of 'knowledge based economy' has opened and Institute and Private company has been experiencing economic growth due to its investment in science and technology and entrepreneurial ideals. How to contribute to the profit...
In recent years, the importance of 'knowledge based economy' has opened and Institute and Private company has been experiencing economic growth due to its investment in science and technology and entrepreneurial ideals. How to contribute to the profit of In-service Invention between employee and employer has emerged as an important issue among the inventors.
There is a law which is called EMPLYOEE INVENTIION ACT of 2006 regarding in this matter.
This Act enact two critical provision about In-servie Invention
(1) A company that does not have a provision or agreement with employer expressed or implied, which employee state not assign In-service invention, it has a non-exclusive, royalty-free license right
(2) Nevertheless, Employer has not transferred employee inventions, if this invention meet the requirements, it can be considered In-service inventions and employee must make amends for Employee Inventions.
The purpose of this decree is to case comment on the Korean Patent's Judgement on Employee Invention Assignment and Compensations. This study is a comparative study on Case and a review on Acts from various perspectives with the goal improve the regulation issues regarding In-service Inventions.
Finally, this Paper comment a case and introduces legal issues how to best way to protect profits for Employees and Employers.
Employees of firms could be compensated for their efforts. The firms also can earn returns on the investments by In-service Inventions.
The most significant point in Employee Inventions are check and balance. It is necessary for us to keep a balance between "Employee's profits" and "Employer's interests".