But how to prevent others from using our invention?
* I suggest you apply for a patent.
* I suggest you patent your invention.
I’m sorry that I don’t quite understand. Could you clarify that for me?
Yes. Once a patent is granted, the invention becomes the property of the inventor which can be sold or rented.
Sounds great! And what should we prepare?
To file an application for a specification patent you need to prepare a patent specification including a full description of your invention. It is absolutely vital that you put all the necessary information in the description.
Our company is confronted/faced with the problem of redundancy.
Definitely. It’s time for us streamline to streamline the workforce.
But I’m afraid it would make a strong impact.
Only by this way can we increase the efficiency and survive the ficrcc competition.
How would you deal with those who have to leave the company?
I intend to give them a fair compensation package
So you should offer us the in- know-how formation concerning trade secret, manufacturing technique and know-how which is necessary to produce products.
Yes. And the royalty is 3% of the sales price, in addition to an initial payment initial pay-
I’m afraid it’s too high. Could you reduce it to 2%?
Well. OK. Please note that you have the obligation to keep the transferred technology confidential.
You may rest assured. And would you please provide technical training to our workers?
All right. Well send five technician technicians to your factory.