Unlike countries such as the United States which allow employment agreements that automatically transfer the IP rights of employee-created inventions to the employer, South Korea does not allow for such provisions. The amended Invention Promotion Act, which came into effect on January 31, clarifies the procedural requirements employers must follow to take ownership or to get a non-exclusive licence of their employees’ inventions
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High-earning businesses place most value on the depth of the external legal teams advising them, according to a survey of nearly 29,000 in-house counsel
In-house lawyers have considerable influence over law firms’ actions, so they must use that power to push their external advisers to adopt sustainable practices