We asked intellectual property inhouse counsel about the challenges in their work and what they see as the most significant legal developments
Corporate IPR management involves the filing and maintenance of every right and the control over the quality of internal and external work. It requires plenty of detailed examination work, timely communication and data updates.
Therefore, the challenges lie in how to efficiently and conveniently utilize the tools, and how to clearly define the role and responsibility of each staff member. The lack of manpower and underdeveloped tools can lead to piled-up work and work delays.
The National Intellectual Property Administration has launched a crackdown on applicants, agencies and agents who have abnormal applications, adjusted the direction of local favoured policies, reduced the number of patent applications that lack innovation, and made every effort in examinations to eliminate the phenomenon of having piled-up applications. These measures will play a positive role in shortening the period of applying patents.
In addition, judicial bodies have gradually raised the amount of compensation for IPR infringement and strengthened their efforts in protecting innovation, both of which will be favourable for enterprises with their own technologies to maintain an edge in the market.