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Patent Right


Ruling of grant of a patent
When there is no reasons for rejection in a patent application or the reasons for rejection have been overcome, a notice for ruling of grant of a patent shall be issued.
Payment of registration fees

The first through third year annuities shall be paid in a lump sum as the registration fee within three (3) months from the date of grant of a patent. There is a grace period of six (6) month after the payment due date within which the registration fee can be paid. In such cases, an amount doubling the registration fee shall be paid.
Issuance of Letters Patent

When a patent right is registered with payment of the patent fee, a Certificate of Patent Registration shall be issued.
Term of patent right

Starting from the date of registration until twenty (20) years from the date of filing the patent application (or international application) o? Registration of transfer of a patent application or patent right
Registration of transfer of a patent application or patent right based on assignment

Registration of transfer of a patent application or patent right based on merger

License
Exclusive license
An exclusive license comes into existence by an establishment contract and registration of the exclusive license. When a patent right is jointly owned, the consent of all the co-owners is required in granting an exclusive license.
An exclusive licensee shall have the exclusive right to work the patented invention commercially or industrially to the extent provided by the terms of the agreement. In the license agreement, the term (for example: for 10 years), the area (for example: in Korea) and content (for example: for production and sales) can be restricted as desired.
Documents required for registration of an exclusive license Exclusive license contract; Certificate of legal entity of the patentee (or a certificate of nationality) and a power of attorney; and Certificate of legal entity of the exclusive licensee (or certificate of nationality) and a power of attorney.
Nonexclusive license
A nonexclusive licensee has no obligation to register the license


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