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Rewarding the employee inventor and the Patents Act (1977)
Author(s) -
Littler D. A.,
Pearson A. W.
Publication year - 1979
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.1979.tb00006.x
Subject(s) - remuneration , legislation , business , sample (material) , accounting , marketing , law , finance , political science , chemistry , chromatography
The new Patents Act which came into force on June 1st 1978 contains radical provisions on the remuneration of employee inventors who are now under certain conditions entitled to a share of the benefits flowing from any outstanding inventions they may make. The reaction of industry has in general been unfavourable and as a questionnaire survey of a sample of British industry taken mainly from the Times Top 1000 companies suggests, there appears to have been some lethargy in taking adequate steps to meet the requirements of the new Law. This short note outlines the changes with regard to the reward for employee inventions, examines the possible effects of the new legislation, and discusses the actions that companies should make and are making.