Revenue Budget and Strategic Outlook

Facilitating Technology Transfer and Management of IP Assets O How does IP facilitate technology transfer? Though patent results in the exclusive right of an inventor to commercially exploit his or her inventions within the national territories for a certain period, it actually helps transfer new technologies beyond national boundaries. As patent owners are obliged to disclose information or reveal their process of inventions, they contribute to enrich the existing body of technical knowledge. Thus IP encourages innovation which ultimately leads to the further progress of human society.

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