‘Law of the People's Republic of China on Promoting the Transformation of Scientific and Technological Achievements’ (‘Amendment’) will come into force on October 1, 2015
The ‘Amendment’ was adopted at the Meeting of the Standing Committee of the National People’s Congress of the People’s Republic of China on August 29, 2015. There are several articles shall be paid attention to. Agreement shall prevail, but there is a special occasion Like the ‘Patent Law’, the ‘Amendment’ has prescribed that the agreement on the reward and remuneration shall prevail. However, for those R&D institutions that are set up by the State, colleges and universities, the standard for the reward and remuneration shall be no less than the statutory minimum standard as prescribed in the ‘Amendment’. The statutory…