Ownership in Intellectual Property and Technology Licensing Regarding University -Enterprise Cooperation in China

Chinese Legal System is a kind of continental legal system, which means things relating to rights protection and duties performance shall be provided by the law. In China, there are more than 10,000 laws, regulations and judicial interpretations, which are implemented everyday by the administrative agencies, the courts, the police and other judicial organs. Laws are made by the legislature- the people's congress of China, while regulations are made by the central government, the central departments, the local governments and their administration agencies. Interpretations are made by the Supreme Court, the Supreme Procuratorate,16) the Ministry of Public Security and so on. In China, the legislation system is very complicated, it's much more complicated than the law system itself. This paper made an introduction of the university-enterprise cooperation in China, the legal provisions on Intellectual Property ownership and benefit concerning technology licensing regarding university-enterprise cooperation. It also pointed out a balance on economic interests between the parties engaged in the cooperation is needed.