Japan Diet To Consider Patent Law Amendment

Law360, New York (February 9, 2004, 12:00 AM EST) -- Japan’s Ministry of Economy, Trade and Industry has drafted an amendment to the patent law that would require companies to disclose internal standards they use to compute the value of inventions by their engineers and researchers.

The amendment, which addresses concerns about the way Japanese companies have compensated their inventors, was released only 10 days after courts awarded unprecedented awards to inventors of groundbreaking technologies by their former employers.

The bill will be submitted to the Diet on Tuesday. If passed, it will require companies to...
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