Removing Legal Hurdles in Registration of Contracts for the Transfer of Patent Rights to Foster Innovation

Abstract

Business environment improvement in support for the development of enterprises (such as innovative startups particularly) has attracted attention in Vietnam. Patent is a tool, important asset which is crucial for the success of innovative startups. However, one of the big hurdles for the commercialization of intellectual assets  for enterprises in Vietnam is the administrative procedure for the registration of patent licensing/assignment agreements. The paper analyses difficulties and hurdles for business environment as a result of the required legally registration for patent licensing/assignment agreements, then recommend the solutions for relieve this hurdle.