The current Patent Law as amended on 21 January 1994 took effect on 23 January 1994. To comply with the World Trade Organization (WTO) TRIPs standards, the Legislative Yuan (LY) amended the Patent Law again in 1997 (such as deleting the reciprocity requirements for seeking patent protection on microorganism per se inventions and those for seeking patent term extension for pharmaceutical-related or agro-chemical-related patent
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A trust is a relationship created whereby a settlor (the creator of a trust) transfers the legal title in an asset, or otherwise disposes of the asset, so as to have a trustee manage or dispose of the transferred property in accordance with the trust deed, for the benefit designated persons or for a specified purpose. During the term of a trust, ownership of the assets placed in trust, and the power to administer trust assets
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When the Patent Law was amended in 1994, through the active endeavors of many people in industry and academia an effort was made for the first time to decriminalize acts of patent in-fringement. After intense debate, prison sen-tences for invention patent infringements were abolished, but fines were retained, while the penalties for infringing new utility model and new design patents were left completely un-changed. Recently
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