Employee Invention Compensation Systems and Regulations
To promptly and efficiently secure and commercialize employee inventions created with various companies and institutions in Korea, a stable transfer of ownership must be established. In Korea, it is particularly important for companies and institutions to establish a proper employee invention compensation system to comply with the relevant laws and avoid potential legal disputes.
Lee & Ko’s IP Practice Group has practical experience advising clients on all aspects of employee inventions, including establishing employee invention compensation systems, managing legal disputes involving transfer of ownership and calculation of compensation, and reviewing and amending a client’s existing systems.
Litigation and Dispute Resolution
Disputes in Korea may arise between a company and an employee in variety of areas, including transfer of ownership and reasonable compensation. How these disputes are resolved can have a lasting impact on the operation of the company’s future employee compensation systems. Accordingly, it is important to resolve these disputes through a thorough strategic plan within the context of a client’s overall business goals. Lee & Ko’s IP Practice Group consists of highly skilled professionals from a broad range of technical backgrounds and global experiences in successfully resolving multiple disputes involving employee invention.