Practical Tips For Managing Annuities In China

By Lirong Dai (Ms.)

How to handle annuities with security and efficiency is always an important and complicated issue for patentees. All patentees are looking for a reliable, precise and efficient way to handle the large portfolio of their patents. As we know, many giant international companies always prefer to have an annuity vendor to monitor and manage its worldwide patent rights, which may save them time and hassle of administration.

However, as the Local Law varies from each other extensively, a competent associate as local agent of the annuity vendor is also very important for the patentee. For the sake of security, the applicant shall designate a reliable local agent in specific important countries while working with the annuity vendor.