China Speeds Up Smooth Execution Of Patent Open License System

How to find potential licensees, how to be more efficient in licensing, how to identify relevant royalties-these lingering problems will be gone after the landing of the patent open license system. In an effort to ensure the smooth and fast execution of the system, the CNIPA recently released the Trial Program on Patent Open License, a national document drafted based on the experience of local forerunners.

Since being added to the newly-revised Chinese Patent Law (Note: effective from June 1, 2021), the patent open license system has been in the spotlight. Patentees may publish a declaration to license their patents on CNIPA gazettes. Anyone willing to accord with the asking prices and terms may quickly acquire the relevant patent license. Different from the traditional mode in one v. one, the open license system adapts an impartial, easy and fast mode in one v. many, which bridges supply and demand, improves efficiency of negotiations and curbs systematic