October 18 2020

NPC Standing Committee Adopts Amendment to Patent Law

NPC Standing Committee Adopts Amendment to Patent Law

A revision to the Patent Law was adopted on October 17, 2020 at the 22nd session of the Standing Committee of the 13th National People's Congress. The amendment has introduced a punitive compensation system.

In cases of deliberate patent infringement and under serious circumstances, the court can award a compensation of one to five times of the patent holder's losses, economic benefits to the infringing party, or patent licensing fee. The upper limit of statutory compensation has been raised to five million yuan, and the lower limit is increased to thirty thousand yuan.