What Are Renounceable Rights?
The right to waive refers to the right of the patentee to waive its patent. Article 44 of China's "Patent Law" stipulates that the patent right shall terminate before the expiration of the term in one of the following circumstances: If the annual fee is not paid in accordance with the regulations, the patentee shall waive its patent right in a written statement. In other words, there are two ways to abandon a patent.
Waiver
Right!
- Chinese name
- Waiver
- Object
- Patentee
- Corresponding
- Right to waive its patent
- File
- Patent Law
- The right to waive refers to the right of the patentee to waive its patent. Article 44 of China's "Patent Law" stipulates that the patent right shall terminate before the expiration of the term in one of the following circumstances: If the annual fee is not paid in accordance with the regulations, the patentee shall waive its patent right in a written statement. In other words, there are two ways to abandon a patent.
- According to the "Patent Law", if the patentee declares in writing that he has waived his patent right, the patent right shall terminate before the expiration of the term. If the patentee exercises his right to waive and proposes to waive his patent right in the form of a written statement, his patent right can be terminated once the patent administration department is registered and announced. His inventions and creations have entered the public domain and become public technology. Licensing is free without paying him. However, if the patentee has signed a patent implementation license contract with another person, he shall obtain the licensee's consent or compensate for the losses caused to the licensee when giving up the patent right. [1]