How does Chinese law define and regulate the transfer of patents and other intellectual property rights?

In China, the licensing of patents and other intellectual property rights is regulated by the Patent Law and the Regulations on the Protection of the Rights and Interests of Patentees. Under these laws, the transfer of intellectual property rights may occur by way of assignment, exclusive license agreement, or a special contract for joint ownership of the patent. Assignment is the transfer of the entirety of the patent rights, and the assignee is entitled to the same rights as the original patentee. If the patents and other intellectual property rights are licensed, an exclusive license agreement should be written and signed. Under this agreement, the licensor grants the licensee exclusive rights to use the intellectual property for a certain period of time. Alternatively, the rights to the patent and other intellectual property can be owned jointly by two or more parties. This is done through a special contract that establishes the rights to the property and any disputes that may arise from the joint ownership. The contract should take into account the interests of all parties and protect their rights. Furthermore, under Chinese law, patent owners have the right to obtain damages or economic compensation for any infringement of their rights. As a result, it is important for patent owners to properly document and protect the transfer of patents and other intellectual property rights through use of contracts to ensure that their rights are not violated.

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How does Chinese law define and regulate the transfer of patents and other intellectual property rights?

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